LCO No. 2222 1 of 1 General Assembly Proposed Bill No. 5451 January Session, 2025 LCO No. 2222 Referred to Committee on PLANNING AND DEVELOPMENT Introduced by: REP. ZULLO, 99th Dist. AN ACT CONCERNING PROPERTY TAX ABATEMENT 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 authorize municipalities to 1 abate up to five hundred dollars per assessment year of property taxes 2 for certain first-time homebuyers who obtain a loan from the 3 Connecticut Housing Finance Authority. 4 Statement of Purpose: To authorize municipalities to abate up to five hundred dollars per assessment year of property taxes for certain first-time homebuyers who obtain a loan from the Connecticut Housing Finance Authority.