Substitute for Raised S.B. No. 1131
Session Year 2013


AN ACT CONCERNING CHANGES TO THE CONNECTICUT HISTORIC HOME TAX CREDIT.

To expand eligibility for and usage of the historic homes tax credit by (1) allowing homeowners to sell the credit to a business or apply it to the personal income tax, (2) lowering the minimum qualifying expense to fifteen thousand dollars, (3) raising the maximum amount of the credit to fifty thousand dollars per unit, (4) removing the geographical restriction on eligibility, and (5) introducing a graduated structure for the calculation of the credit amount.