Connecticut 2019 Regular Session

Connecticut Senate Bill SB00602 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 2316 1 of 1
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55 General Assembly Proposed Bill No. 602
66 January Session, 2019
77 LCO No. 2316
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1010 Referred to Committee on FINANCE, REVENUE AND
1111 BONDING
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1414 Introduced by:
1515 SEN. MARTIN, 31
1616 st Dist.
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2020
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2222 AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
2323 INCOME TAX FOR CERTAIN FIRST -TIME HOMEBUYERS.
2424 Be it enacted by the Senate and House of Representatives in General
2525 Assembly convened:
2626
2727 That the general statutes be amended to establish a credit of up to 1
2828 two thousand dollars against the personal income tax for first-time 2
2929 homebuyers who have deposited funds in a restricted account to be 3
3030 used for the purchase of a first home, such credit to be claimed during 4
3131 the taxable year in which the first home is purchased or during the 5
3232 taxable year in which the prospective first-time homebuyer deposits 6
3333 such funds in the account. 7
3434 Statement of Purpose:
3535 To establish a credit against the personal income tax for certain first-
3636 time homebuyers.