Connecticut Seal

General Assembly

 

Proposed Bill No. 93

 

January Session, 2017

 

LCO No. 1132

 

*01132*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

SEN. MARTIN, 31st Dist.

 

AN ACT INCREASING THE MAXIMUM ALLOWABLE 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:

That section 12-704c of the general statutes be amended to increase the maximum allowable credit against the personal income tax for a person's primary residence or motor vehicle to five hundred dollars.

Statement of Purpose:

To provide tax relief by increasing the maximum allowable credit against the personal income tax for a person's primary residence or motor vehicle to five hundred dollars.