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CT HB05451

Bill

Official Source

Status

Introduced

1/17/2025

Primary Sponsor

Joseph Zullo

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Authorizes municipalities to offer property tax abatements of up to $500 per assessment year for qualifying first-time homebuyers

  • Eligibility requires obtaining a home loan through the Connecticut Housing Finance Authority (CHFA)

  • Grants local discretion to municipalities on whether to implement the abatement program

  • Amends general statutes to create this new optional tax relief mechanism for first-time homeowners

Legislative Description

An Act Concerning Property Tax Abatement For Certain First-time Homebuyers.

Last Action

Change of Reference, Senate to Committee on Housing

1/28/2025

Committee Referrals

Housing1/27/2025
Planning and Development1/17/2025

Full Bill Text

No bill text available