Bill > S02184

This bill establishes a home heating tax credit for qualified taxpayers with an income of $125,000 or less for single filers, or with a combined income of $250,000 or less for joint filers. The credit will be $300 for single individuals and $600 for married individuals filing jointly. The bill also provides for the commissioner to advance a payment of the credit to eligible taxpayers by October 31st of each year, and allows taxpayers to request payment of any claimed deficiency. The bill will take effect immediately and apply to the 2022 taxable year, expiring on December 31, 2023.