Bill > HB06787

This bill amends existing Connecticut law to extend historic property rehabilitation tax credits to certain common interest communities (such as condominiums or homeowners' associations) that meet specific criteria. To qualify, the community must: (1) be located in a financially distressed municipality, (2) be individually listed on the National or State Register of Historic Places, or be located in a historic district and certified by the Department of Economic and Community Development as contributing to that district's historic character, and (3) have either more than half of its dwelling units owner-occupied or be certified by the Federal Housing Administration. The bill specifically applies to common interest communities with more than four dwelling units, expanding access to tax credits for historic property rehabilitation to these larger multi-unit residential properties. This change aims to incentivize preservation and restoration of historic residential properties in economically challenged areas, potentially helping to maintain architectural heritage while supporting community revitalization efforts.

Budget and Finance, Business and Industry

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06787&which_year=2025