Bill > SB01180

This bill aims to encourage housing development near public transportation by providing tax credits to individuals and businesses that create housing projects directly accessible by transit. The legislation proposes to modify existing state tax statutes to offer financial incentives for developers who build housing in locations with easy access to public transportation. By creating these tax credits, the bill seeks to promote more sustainable urban development, potentially reducing car dependency, supporting community density, and making housing more convenient for residents who rely on public transit. The tax credits are designed to serve as a financial motivator for developers to prioritize locations near bus lines, train stations, or other public transportation infrastructure, ultimately supporting broader goals of smart growth and improved transportation accessibility.

Business and Industry, Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01180&which_year=2025