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

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Rep. Dave W. Yaccarino, 87th Dist.
Last action: 2026-02-06
Official status: Referred to Joint Committee on Finance, Revenue and Bonding
Effective date: Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Increasing Property Tax Credits for Homes and Vehicles

This bill raises the maximum tax credit amount, increases the minimum property tax required to qualify, and expands income limits for people who pay taxes on their main home or car.

What This Bill Does

Increases the maximum tax credit from $300 to $1,000 for a primary residence or motor vehicle.
Raises the minimum amount of property tax required before a person can claim any credit.
Expands eligibility by increasing the income limits set in state law section 12-704c.

Who It Names or Affects

People who pay personal income tax and own a primary residence or motor vehicle subject to property taxes.
Taxpayers whose Connecticut adjusted gross income falls within the new, higher thresholds set in law section 12-704c.

Terms To Know

Property Tax Credit: An amount subtracted from personal income tax owed based on property taxes paid for a home or vehicle.
Connecticut Adjusted Gross Income: A person's total income after specific deductions, used to determine if they qualify for the credit under section 12-704c.

Limits and Unknowns

The bill text does not state the exact new dollar amounts for the minimum tax threshold or the specific income limits.
The effective date of these changes is not listed in the provided source material.

Bill History

2026-02-06 Connecticut General Assembly
Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To (1) increase the maximum allowable credit against the personal income tax for a person's primary residence or motor vehicle from three hundred dollars to one thousand dollars, (2) increase the minimum allowable credit threshold, and (3) expand eligibility for the credit by increasing the qualifying Connecticut adjusted gross income thresholds set forth in section 12-704c of the general statutes.

Current Bill Text

Read the full stored bill text

LCO No. 605 1 of 1

General Assembly Proposed Bill No. 5061
February Session, 2026 LCO No. 605

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. YACCARINO, 87th 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 (1) increase 1
the maximum allowable credit against the personal income tax for a 2
person's primary residence or motor vehicle from three hundred dollars 3
to one thousand dollars, (2) increase the minimum allowable credit 4
threshold, and (3) expand eligibility for the credit by increasing the 5
qualifying Connecticut adjusted gross income thresholds set forth in 6
said section. 7
Statement of Purpose:
To (1) increase the maximum allowable credit against the personal
income tax for a person's primary residence or motor vehicle from three
hundred dollars to one thousand dollars, (2) increase the minimum
allowable credit threshold, and (3) expand eligibility for the credit by
increasing the qualifying Connecticut adjusted gross income thresholds
set forth in section 12-704c of the general statutes.