LCO No. 1176 1 of 1 General Assembly Proposed Bill No. 5679 January Session, 2021 LCO No. 1176 Referred to Committee on HOUSING Introduced by: REP. ZULLO, 99th Dist. AN ACT CONCERNING PROPERTY TAX ABATEMENT FOR CERTAIN FIRST-TIME HOME BUYERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to authorize municipalities to 1 abate up to five hundred dollars of property taxes per assessment year 2 for up to five assessment years for first-time home buyers obtaining a 3 loan from the Connecticut Housing Finance Authority. 4 Statement of Purpose: To authorize municipalities to abate up to five hundred dollars of property taxes per assessment year for certain first-time home buyers obtaining a loan from the Connecticut Housing Finance Authority.