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CT SB01182
CT SB01182An Act Increasing The Amount Of And Expanding Eligibility For The Circuit Breaker Property Tax Credit.
summary
Introduced
01/29/2025
01/29/2025
In Committee
01/29/2025
01/29/2025
Crossed Over
Passed
Dead
06/04/2025
06/04/2025
Introduced Session
2025 General Assembly
Bill Summary
To increase the amount of the Circuit Breaker property tax credit provided under sections 12-170aa, 12-170bb and 12-720cc of the general statutes and expand eligibility for the credit to qualifying persons sixty years of age or older.
AI Summary
This bill proposes to modify the Circuit Breaker property tax credit, which is a tax relief program designed to help certain residents manage their property tax burden. Specifically, the bill increases the maximum tax relief for married couples to $2,500 and for single persons to $2,000, and expands eligibility to include individuals who are 60 years of age or older. The Circuit Breaker credit is a tax relief mechanism that helps offset property taxes for qualifying residents, typically those with lower incomes or who are seniors. By raising the credit amounts and broadening the age eligibility, the bill aims to provide more financial support to older residents who may be struggling with property tax expenses. The changes will be implemented by amending sections 12-170aa, 12-170bb, and 12-720cc of the general statutes, which govern the existing property tax credit program.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 01/29/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01182&which_year=2025 |
BillText | https://www.cga.ct.gov/2025/TOB/S/PDF/2025SB-01182-R00-SB.PDF |
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