OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5190
AN ACT CONCERNING THE HISTORIC HOMES
REHABILITATION TAX CREDIT.
Primary Analyst: CW 4/5/24
Contributing Analyst(s): EW
Reviewer: WL
OFA Fiscal Note
State Impact: None
Municipal Impact: None
Explanation
The bill, which restores the ability to apply historic homes
rehabilitation tax credits against a variety of taxes, does not result in any
fiscal impact to the state or municipalities. It does not alter the aggregate
$3 million cap on the amount of credits allowed annually, and current
projections (January 16, 2024, Consensus Revenue) assume full credit
utilization each fiscal year.
The Out Years
State Impact: None
Municipal Impact: None