LCO No. 1225 1 of 1
General Assembly Proposed Bill No. 5711
January Session, 2019
LCO No. 1225
Referred to Committee on HOUSING
Introduced by:
REP. TURCO, 27th Dist.
AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
INCOME TAX FOR THE PURCHASE OF A HOUSE BY FIRST -TIME
HOMEBUYERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That title 12 of the general statutes be amended to establish a credit 1
against the personal income tax for first-time homebuyers of up to ten 2
per cent of the purchase price of a house, to a maximum of seven 3
thousand five hundred dollars, provided such house is the primary 4
residence of the homebuyer for at least five years from the date of 5
purchase. 6
Statement of Purpose:
To establish a first-time homebuyers' tax credit program.