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Bill > SB01182


CT SB01182

CT SB01182
An Act Increasing The Amount Of And Expanding Eligibility For The Circuit Breaker Property Tax Credit.


summary

Introduced
01/29/2025
In Committee
01/29/2025
Crossed Over
Passed
Dead
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)

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