General Assembly Proposed Bill No. 5703
January Session, 2011 LCO No. 2128
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. O'BRIEN T., 24th Dist.
General Assembly
Proposed Bill No. 5703
January Session, 2011
LCO No. 2128
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. O'BRIEN T., 24th Dist.
AN ACT CONCERNING A REFUNDABLE PROPERTY TAX CREDIT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that the property tax credit is refundable to the extent such credit is larger than the taxpayer's income tax liability
Statement of Purpose:
To make the property tax credit refundable, so that it benefits taxpayers whose incomes are too low to take all of the credit they are owed.