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HB05061 • 2026

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

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

The official source does not provide specific details on the new minimum credit threshold or qualifying income levels.

Increasing Property Tax Credit for Primary Residence or Vehicle

This act increases the property tax credit against personal income tax for a primary residence or motor vehicle from $300 to $1,000 and adjusts eligibility criteria.

What This Bill Does

  • Increases the maximum property tax credit from $300 to $1,000.
  • Expands who can get the credit by raising income limits.

Who It Names or Affects

  • People who own a primary residence or vehicle in Connecticut.
  • Taxpayers with certain levels of income in Connecticut.

Terms To Know

Property Tax Credit
A reduction in the amount of personal income tax owed based on property taxes paid for a primary residence or motor vehicle.
Connecticut Adjusted Gross Income (CT AGI)
The total income from which certain deductions are subtracted to determine eligibility for tax credits and other benefits in Connecticut.

Limits and Unknowns

  • Does not specify the exact new minimum credit threshold or qualifying income levels.
  • It is unclear when this act will become law after being passed by the legislature.

Bill History

  1. 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.