Bill > HB06751

This bill establishes a new child and dependent tax credit against personal income tax, providing a $1,000 credit for each child or dependent. The legislation would modify chapter 229 of the general statutes to create this tax benefit, which means taxpayers would be able to directly reduce their income tax liability by $1,000 for each qualifying child or dependent they claim. A tax credit is different from a tax deduction because it provides a dollar-for-dollar reduction in the total tax owed, rather than just reducing the amount of income subject to taxation. This type of credit can provide meaningful financial relief for families with children or individuals supporting dependents, potentially helping to offset the costs of child care, education, and other expenses associated with raising or caring for dependents.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06751&which_year=2025