WeVote
Log In

Bill

Bill

HB 5009

AN ACT INCREASING AND EXPANDING THE PROPERTY TAX CREDIT AGAINST THE PERSONAL INCOME TAX FOR A PRIMARY RESIDENCE OR MOTOR VEHICLE.

2026 Regular Session Introduced by Tim Ackert and 10 co-sponsors

Connecticut bill expands property tax credit for homeowners and vehicle owners, reducing their income tax liability but potentially reducing state revenues.

REF. TO JOINT COMM. ON Finance, Revenue and Bonding
#incometaxcredits(state) #personalpropertytaxexemptions
0
WeVote Research Nonpartisan
Bill Summary · HB 5009

Legislative bill overview

HB 5009 proposes to increase and expand Connecticut's property tax credit, which allows homeowners and vehicle owners to reduce their personal income tax liability based on property taxes paid on their primary residence or motor vehicle. The bill would make this tax benefit more generous and potentially available to a broader range of taxpayers than current law allows.

Why is this important

Property tax credits directly reduce the tax burden on homeowners and vehicle owners, providing financial relief during a period of rising housing costs and property tax assessments across Connecticut. This could meaningfully affect household budgets for middle and lower-income residents who dedicate substantial portions of income to property taxes, though the fiscal impact on state revenue would need to be offset elsewhere.

Potential points of contention

  • State revenue impact: Expanding a tax credit reduces state general fund revenues; lawmakers must determine how to offset this loss through other revenue sources or spending cuts
  • Targeting and equity: Questions about whether the expanded credit appropriately targets those most in need versus providing broad tax relief that benefits higher-income homeowners equally
  • Program cost uncertainty: Without specific numbers in the bill summary, the fiscal exposure to the state budget is unclear and could be substantial if eligibility or credit amounts are significantly expanded

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.