General Assembly Proposed Bill No. 175
January Session, 2017 LCO No. 2702
*02702*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. GUGLIELMO, 35th Dist.
General Assembly
Proposed Bill No. 175
January Session, 2017
LCO No. 2702
*02702*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. GUGLIELMO, 35th 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.