LCO No. 1102 1 of 1 General Assembly Proposed Bill No. 5244 January Session, 2025 LCO No. 1102 Referred to Committee on HOUSING Introduced by: REP. DELNICKI, 14th Dist. AN ACT CONCERNING REAL PROPERTY TAX ABATEMENTS FOR CERTAIN FIRST-TIME HOMEBUYERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That title 12 of the general statutes be amended to establish a 1 municipal option to abate property taxes in an amount not greater than 2 five hundred dollars per assessment year, for not more than five 3 assessment years, for first-time homebuyers who obtain a loan from the 4 Connecticut Housing Finance Authority. 5 Statement of Purpose: To establish a municipal option for a property tax abatement for certain first-time homebuyers.