HB 5061

General Assembly  Proposed Bill No. 5061
      February Session, 2026  LCO No. 605
    Referred to Committee on  FINANCE, REVENUE AND
    BONDING
    Introduced by:
     REP. YACCARINO, 87th Dist.
 AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE
 PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR
 VEHICLE.
 Be it enacted by the Senate and House of Representatives in General
 Assembly convened:
1  That section 12-704c of the general statutes be amended to (1) increase
2      the maximum allowable credit against the personal income tax for a
3      person's primary residence or motor vehicle from three hundred dollars
4      to one thousand dollars, (2) increase the minimum allowable credit
5      threshold, and (3) expand eligibility for the credit by increasing the
6      qualifying Connecticut adjusted gross income thresholds set forth in
7      said section.
       Statement of Purpose:
       To (1) increase the maximum allowable credit against the personal
       income tax for a person's primary residence or motor vehicle from three
       hundred dollars to one thousand dollars, (2) increase the minimum
       allowable credit threshold, and (3) expand eligibility for the credit by
       increasing the qualifying Connecticut adjusted gross income thresholds
       set forth in section 12-704c of the general statutes.
    LCO No. 605  1 of 1