Connecticut 2019 Regular Session

Connecticut House Bill HB07366 Compare Versions

Version 1 (Old)

Version 2 (New)

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	4	+	LCO No. 5935 1 of 3
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7	6		General Assembly Raised Bill No. 7366
8	7		January Session, 2019
9	8		LCO No. 5935
10	9
11	10
12		-	Referred to Committee on PLANNING AND
13		-	DEVELOPMENT
	11	+	Referred to Committee on PLANNING AND DEVELOPMENT
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15	13
16	14		Introduced by:
17	15		(PD)
	16	+
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19	18
20	19
21	20		AN ACT CONCERNING IN CENTIVES FOR ENERGY-EFFICIENT
22	21		CONSTRUCTION.
23	22		Be it enacted by the Senate and House of Representatives in General
24	23		Assembly convened:
25	24
26	25		Section 1. (NEW) (Effective from passage) (a) As used in this section: 1
27	26		(1) "Energy-efficient home" means a home with a score of sixty or 2
28	27		less on the Home Energy Rating System Index, as measured and 3
29	28		certified by a licensed third-party professional qualified to conduct 4
30	29		such measurement and certification; and 5
31	30		(2) "Family member" means (A) any sibling, parent, child, 6
32	31		grandparent, grandchild, aunt, uncle, niece, nephew or cousin of a 7
33	32		purchaser, or (B) the spouse of any such individual described in 8
34	33		subparagraph (A) of this subdivision. 9
35	34		(b) (1) For taxable years commencing on or after January 1, 2019, but 10
36	35		prior to January 1, 2023, there shall be a one-time credit allowed 11
37	36		against the tax imposed under chapter 229 of the general statutes for 12
38		-	the purchaser or purchasers, as applicable, of an energy-efficient home 13 Raised Bill No. 7366
	37	+	the purchaser or purchasers, as applicable, of an energy-efficient home 13
	38	+	during any such taxable year, provided such energy-efficient home 14 Raised Bill No. 7366
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44	41
45		-	during any such taxable year, provided such energy-efficient home 14
	42	+	LCO No. 5935 2 of 3
	43	+
46	44		shall (A) be occupied as the principal residence of such purchaser for 15
47	45		at least three years after such purchase, verifiable by property tax 16
48	46		records, and not a vacation or rental property, and (B) not be 17
49	47		purchased from a family member. 18
50	48		(2) The credit shall be in an amount equal to (A) two thousand five 19
51	49		hundred dollars for such purchaser who files an income tax return 20
52	50		individually, and (B) five thousand dollars for such purchasers who 21
53	51		file an income tax return jointly. Each such purchaser shall claim the 22
54	52		credit in the taxable year in which such purchase of an energy-efficient 23
55	53		home occurred by including the certificate issued pursuant to 24
56	54		subdivision (3) of this subsection with such income tax return filed 25
57	55		with the Commissioner of Revenue Services. 26
58	56		(3) The Secretary of the Office of Policy and Management shall issue 27
59	57		a certificate to each purchaser of an energy-efficient home, upon the 28
60	58		request of such purchaser. Such certificate shall identify the taxpayer 29
61	59		filing individually, or the taxpayers filing jointly, as applicable, and 30
62	60		certify that such purchaser satisfies the requirements of subdivision (1) 31
63	61		of this subsection. 32
64	62		(c) (1) The amount of the credit allowed to any taxpayer filing 33
65	63		individually or taxpayers filing jointly, as applicable, pursuant to this 34
66	64		section shall not exceed the amount of tax due from such taxpayer or 35
67	65		taxpayers under chapter 229 of the general statutes with respect to the 36
68	66		taxable year in which such credit is being claimed. Any such credit 37
69	67		claimed by such taxpayer or taxpayers but not applied against the tax 38
70	68		due under said chapter may be carried forward for the five 39
71	69		immediately succeeding taxable years until the full credit has been 40
72	70		applied. 41
73	71		(2) If an energy-efficient home purchased in accordance with this 42
74	72		section ceases to be the principal residence of any such purchaser 43
75	73		within the three years after such purchase as required under 44
76		-	subparagraph (A) of subdivision (1) of subsection (b) of this section, 45 Raised Bill No. 7366
	74	+	subparagraph (A) of subdivision (1) of subsection (b) of this section, 45
	75	+	such purchaser shall forfeit the right to the full amount of such credit 46 Raised Bill No. 7366
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83		-	such purchaser shall forfeit the right to the full amount of such credit 46
	79	+	LCO No. 5935 3 of 3
	80	+
84	81		and shall remit to the Commissioner of Revenue Services a prorated 47
85	82		amount, as determined by the commissioner, based on the length of 48
86	83		time such energy-efficient home was the principal residence of such 49
87	84		purchaser subtracted from such three years. 50
88	85		This act shall take effect as follows and shall amend the following
89	86		sections:
90	87
91	88		Section 1 from passage New section
92	89
93		-	PD Joint Favorable
	90	+	Statement of Purpose:
	91	+	To provide a state income tax credit for purchasers of certain energy-
	92	+	efficient homes.
	93	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
	94	+	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
	95	+	not underlined.]
94	96