Connecticut House Bill HB05166

Connecticut 2010 Regular Session

• Introduced: 2/10/10
• Refer: 2/10/10

Caption

An Act Increasing The Tax Relief Provided By The Circuit Breaker Program.

Impact

If enacted, this bill would amend section 12-170aa of the general statutes, directly affecting the financial landscape for senior homeowners in the state. By increasing the tax reduction rate, the bill intends to alleviate the financial burden on elderly residents, ultimately contributing to their economic stability. The measure is positioned as a crucial step towards ensuring that seniors remain in their homes without the overwhelming concern of property tax increases.

Summary

House Bill 5166 aims to enhance the tax relief provided to elderly homeowners through the Circuit Breaker Program. The proposed legislation seeks to increase the existing property tax reduction by an additional ten percent, thereby allowing more substantial financial relief for seniors who face rising property taxes. This amendment aligns with the broader goal of supporting vulnerable populations such as elderly citizens, who may be adversely affected by increased housing costs.

Contention

While the bill is structured to offer greater support for elderly homeowners, discussions around its implications could center on fiscal responsibility and the potential impact on state revenue. Some individuals and organizations may raise concerns regarding how the increased tax reductions could affect state funding for other important programs. Furthermore, there may be debates about whether such tax relief should be expanded further or if it adequately addresses the varying needs of all elderly citizens across the state.