Plain English Breakdown
While the bill passed both chambers according to metadata, it was referred to a committee on February 4, 2026; final enactment status depends on subsequent executive action which is not detailed in the text.
HB05009: Increasing Property Tax Credits for Homes and Cars
This bill raises the maximum tax credit to $1,000, increases the minimum threshold required to get a credit, and expands eligibility by raising income limits.
What This Bill Does
- Increases the maximum property tax credit from $300 to $1,000 for primary homes or motor vehicles.
- Raises the minimum amount of taxes paid needed to qualify for any part of the credit.
- Expands eligibility by increasing the Connecticut adjusted gross income limits in section 12-704c.
Who It Names or Affects
- People who pay property taxes on their primary residence or motor vehicle and meet new income requirements.
Terms To Know
- Property Tax Credit
- An amount subtracted from a person's personal income tax bill based on property taxes paid for their home or car.
- Connecticut Adjusted Gross Income
- A specific calculation of total earnings used to determine if someone qualifies for the credit under state law.
Limits and Unknowns
- The bill text does not list the exact new income numbers, only that they will increase.
- The effective date is not provided in the source material.
- The specific dollar amount of the increased minimum threshold is not stated.