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

Plain English Breakdown

The official source does not provide specific details on new thresholds or qualifying income levels, leaving these aspects uncertain.

Increasing Property Tax Credit for Homes and Cars

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

What This Bill Does

• Increases the maximum property tax credit a person can get on their home or car from $300 to $1,000.
• Expands who can qualify for this credit by increasing income limits.

Who It Names or Affects

• People who own homes and cars in Connecticut.
• Taxpayers with primary residences or motor vehicles.

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 paid for their home or car.

Connecticut Adjusted Gross Income

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 how many more people will be able to claim this credit after changes are made.

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

LCO No. 664 1 of 1

General Assembly Proposed Bill No. 5082
February Session, 2026 LCO No. 664

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BOLINSKY, 106th 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.