AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

Plain English Breakdown

The exact new amounts for the maximum allowable credit and income thresholds are not specified in the official source material.

Doubling Property Tax Credit for Homes and Cars

This act doubles the property tax credit that people can claim against their personal income taxes for their primary residence or motor vehicle.

What This Bill Does

• Increases the maximum amount of money a person can get back from their state income taxes as a credit for property taxes paid on their home or car.
• Changes section 12-704c of the general statutes to reflect these new amounts.

Who It Names or Affects

• People who own a primary residence or motor vehicle and pay property taxes on them.

Terms To Know

Property Tax Credit

A reduction in the amount of personal income tax a person has to pay, based on property taxes they have already paid on their home or car.

Connecticut Adjusted Gross Income Thresholds

The different levels of income that determine how much credit someone can claim under Connecticut's tax system.

Limits and Unknowns

• It is not clear what the exact new amounts for the maximum allowable credit and income thresholds will be.
• This bill has passed both chambers but its final approval by the governor or any further actions are unknown.

Official Summary Text

To double the amount of (1) the maximum allowable credit against the personal income tax for a person's primary residence or motor vehicle, and (2) each qualifying Connecticut adjusted gross income threshold set forth in section 12-704c of the general statutes.

Current Bill Text

LCO No. 134 1 of 1

General Assembly Proposed Bill No. 5017
February Session, 2026 LCO No. 134

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. TURCO, 27th Dist.

AN ACT CONCERNING THE PROPERTY TAX CREDIT AGAINST THE
PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR
VEHICLE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 12-704c of the general statutes be amended to double the 1
amount of (1) the maximum allowable credit against the personal 2
income tax for a person's primary residence or motor vehicle, and (2) 3
each qualifying Connecticut adjusted gross income threshold set forth 4
in said section. 5
Statement of Purpose:
To double the amount of (1) the maximum allowable credit against the
personal income tax for a person's primary residence or motor vehicle,
and (2) each qualifying Connecticut adjusted gross income threshold set
forth in section 12-704c of the general statutes.