CT HB05977

Expands Connecticut's existing sales and use tax exemption for affordable housing to include mixed-income developments, effective October 1, 2025

Mixed-income developments must have at least 40% of dwelling units restricted by deed covenants for at least 40 years to households earning 80% or less of median income, with housing costs capped at 30% of annual income

Of the restricted units, at least 15% of total development units must be reserved for households earning 60% or less of median income

Exemption covers tangible personal property used in the development, construction, rehabilitation, renovation, repair, or operation of certified mixed-income dwelling units

Purchasers must present commissioner-issued certification and a certificate confirming exclusive use of purchased property for the qualifying mixed-income development