Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 2316 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 602 | |
6 | 6 | January Session, 2019 | |
7 | 7 | LCO No. 2316 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
11 | 11 | BONDING | |
12 | 12 | ||
13 | 13 | ||
14 | 14 | Introduced by: | |
15 | 15 | SEN. MARTIN, 31 | |
16 | 16 | st Dist. | |
17 | 17 | ||
18 | 18 | ||
19 | 19 | ||
20 | 20 | ||
21 | 21 | ||
22 | 22 | AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL | |
23 | 23 | INCOME TAX FOR CERTAIN FIRST -TIME HOMEBUYERS. | |
24 | 24 | Be it enacted by the Senate and House of Representatives in General | |
25 | 25 | Assembly convened: | |
26 | 26 | ||
27 | 27 | That the general statutes be amended to establish a credit of up to 1 | |
28 | 28 | two thousand dollars against the personal income tax for first-time 2 | |
29 | 29 | homebuyers who have deposited funds in a restricted account to be 3 | |
30 | 30 | used for the purchase of a first home, such credit to be claimed during 4 | |
31 | 31 | the taxable year in which the first home is purchased or during the 5 | |
32 | 32 | taxable year in which the prospective first-time homebuyer deposits 6 | |
33 | 33 | such funds in the account. 7 | |
34 | 34 | Statement of Purpose: | |
35 | 35 | To establish a credit against the personal income tax for certain first- | |
36 | 36 | time homebuyers. |