Connecticut 2019 Regular Session

Connecticut House Bill HB05711 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 1225 1 of 1
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55 General Assembly Proposed Bill No. 5711
66 January Session, 2019
77 LCO No. 1225
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1010 Referred to Committee on HOUSING
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1313 Introduced by:
1414 REP. TURCO, 27th Dist.
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1818 AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
1919 INCOME TAX FOR THE PURCHASE OF A HOUSE BY FIRST -TIME
2020 HOMEBUYERS.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
2323
2424 That title 12 of the general statutes be amended to establish a credit 1
2525 against the personal income tax for first-time homebuyers of up to ten 2
2626 per cent of the purchase price of a house, to a maximum of seven 3
2727 thousand five hundred dollars, provided such house is the primary 4
2828 residence of the homebuyer for at least five years from the date of 5
2929 purchase. 6
3030 Statement of Purpose:
3131 To establish a first-time homebuyers' tax credit program.