LCO No. 2316 1 of 1
General Assembly Proposed Bill No. 602
January Session, 2019
LCO No. 2316
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. MARTIN, 31
st Dist.
AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL
INCOME TAX FOR CERTAIN FIRST -TIME HOMEBUYERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to establish a credit of up to 1
two thousand dollars against the personal income tax for first-time 2
homebuyers who have deposited funds in a restricted account to be 3
used for the purchase of a first home, such credit to be claimed during 4
the taxable year in which the first home is purchased or during the 5
taxable year in which the prospective first-time homebuyer deposits 6
such funds in the account. 7
Statement of Purpose:
To establish a credit against the personal income tax for certain first-
time homebuyers.