WHAT IS THE NEW INCOME TAX CREDIT FOR PROPERTY TAXES PAID TO A CONNECTICUT POLITICAL SUBDIVISION?
If you are a Connecticut resident and you own your primary residence and made qualifying property tax payments on your primary residence or on a privately owned or leased motor vehicle, you may be eligible to claim a credit against your 1997 Connecticut income tax liability. The maximum credit allowed is $215 per return filed, regardless of filing status. WHAT ARE QUALIFYING PROPERTY TAX PAYMENTS? Qualifying property tax payments are payments that you made during 1997 of property taxes which first became due on or after July 1, 1997, and for which you are liable to a Connecticut political subdivision on your primary residence or privately owned motor vehicle. With respect to a privately leased motor vehicle, qualifying property tax payments include payments that you or your leasing company made during 1997 of property taxes which first became due during 1997 to a Connecticut political subdivision on your privately leased motor vehicle. Qualifying property tax payments also include paym
