Bill Text: CT HB05086 | 2010 | General Assembly | Introduced

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Bill Title: An Act Encouraging Home Ownership In Distressed Municipalities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-02-09 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05086 Detail]

Download: Connecticut-2010-HB05086-Introduced.html

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General Assembly		Proposed Bill No. 5086
February Session, 2010		LCO No. 601
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. ROLDAN, 4th Dist.

AN ACT ENCOURAGING HOME OWNERSHIP IN DISTRESSED MUNICIPALITIES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to provide that each owner-occupant of a residential property located in a distressed municipality with a home ownership rate of thirty per cent or less shall receive a credit on their state income tax for the full value of local property taxes paid on their owner-occupied home.

Statement of Purpose:

To encourage home ownership in distressed municipalities by providing an increased property tax credit against the personal income tax.