LCO No. 592 1 of 1
General Assembly Proposed Bill No. 5186
January Session, 2021
LCO No. 592
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
REP. TURCO, 27th 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 against the 1
personal income tax of up to ten per cent of the purchase price of a 2
house, to a maximum of five thousand dollars, for first-time 3
homebuyers with incomes of less than seventy-five thousand dollars for 4
an unmarried individual or less than one hundred thousand dollars for 5
a married couple, provided such house is the primary residence of the 6
homebuyer for at least five years from the date of purchase. 7
Statement of Purpose:
To establish a credit against the personal income tax for certain first-time
homebuyers.