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General Assembly Raised Bill No. 7366
January Session, 2019
LCO No. 5935
Referred to Committee on PLANNING AND
DEVELOPMENT
Introduced by:
(PD)
AN ACT CONCERNING IN CENTIVES FOR ENERGY -EFFICIENT
CONSTRUCTION.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (NEW) (Effective from passage) (a) As used in this section: 1
(1) "Energy-efficient home" means a home with a score of sixty or 2
less on the Home Energy Rating System Index, as measured and 3
certified by a licensed third-party professional qualified to conduct 4
such measurement and certification; and 5
(2) "Family member" means (A) any sibling, parent, child, 6
grandparent, grandchild, aunt, uncle, niece, nephew or cousin of a 7
purchaser, or (B) the spouse of any such individual described in 8
subparagraph (A) of this subdivision. 9
(b) (1) For taxable years commencing on or after January 1, 2019, but 10
prior to January 1, 2023, there shall be a one-time credit allowed 11
against the tax imposed under chapter 229 of the general statutes for 12
the purchaser or purchasers, as applicable, of an energy-efficient home 13 Raised Bill No. 7366
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during any such taxable year, provided such energy-efficient home 14
shall (A) be occupied as the principal residence of such purchaser for 15
at least three years after such purchase, verifiable by property tax 16
records, and not a vacation or rental property, and (B) not be 17
purchased from a family member. 18
(2) The credit shall be in an amount equal to (A) two thousand five 19
hundred dollars for such purchaser who files an income tax return 20
individually, and (B) five thousand dollars for such purchasers who 21
file an income tax return jointly. Each such purchaser shall claim the 22
credit in the taxable year in which such purchase of an energy-efficient 23
home occurred by including the certificate issued pursuant to 24
subdivision (3) of this subsection with such income tax return filed 25
with the Commissioner of Revenue Services. 26
(3) The Secretary of the Office of Policy and Management shall issue 27
a certificate to each purchaser of an energy-efficient home, upon the 28
request of such purchaser. Such certificate shall identify the taxpayer 29
filing individually, or the taxpayers filing jointly, as applicable, and 30
certify that such purchaser satisfies the requirements of subdivision (1) 31
of this subsection. 32
(c) (1) The amount of the credit allowed to any taxpayer filing 33
individually or taxpayers filing jointly, as applicable, pursuant to this 34
section shall not exceed the amount of tax due from such taxpayer or 35
taxpayers under chapter 229 of the general statutes with respect to the 36
taxable year in which such credit is being claimed. Any such credit 37
claimed by such taxpayer or taxpayers but not applied against the tax 38
due under said chapter may be carried forward for the five 39
immediately succeeding taxable years until the full credit has been 40
applied. 41
(2) If an energy-efficient home purchased in accordance with this 42
section ceases to be the principal residence of any such purchaser 43
within the three years after such purchase as required under 44
subparagraph (A) of subdivision (1) of subsection (b) of this section, 45 Raised Bill No. 7366
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such purchaser shall forfeit the right to the full amount of such credit 46
and shall remit to the Commissioner of Revenue Services a prorated 47
amount, as determined by the commissioner, based on the length of 48
time such energy-efficient home was the principal residence of such 49
purchaser subtracted from such three years. 50
This act shall take effect as follows and shall amend the following
sections:
Section 1 from passage New section
PD Joint Favorable