Lamont, a Democrat running for re-election, floated a package mainly targeted to middle and lower-income residents that would:
Increase a property tax credit to $300 from $200 and expand eligibility
Reduce property taxes on 1.7 million motor vehicles
Accelerate the planned phase-in of the pensions and annuities exemption from income taxes
Expand a student loan tax credit
Connecticut’s current property tax credit is limited to single filers earning as much as $109,500 and joint filers making $130,500 and to those over the age of 65 or with dependents. Lamont would expand the credit to all adults within those income limits, an estimated 500,000 people.
finance.yahoo.com/news/connecticut-governor-lamont-proposes-336-182100159.html
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