HARTFORD, Conn. (WTNH) — A new state income tax credit is being proposed at the state Capitol, which would provide financial relief for low and middle-income families with children in Connecticut.
State Representative Sean Scanlon of Guilford is behind the proposal.
“For example, if you’re a middle-class family with three kids you make between $50K and $200K together as a family, which I know is a lot of money for a lot of people — by year four of that plan, you would have a $1,800 tax credit off your taxes, which for a lot of people is significant money,” Scanlon explained.
The bill is patterned after the federal child tax credit.
Sen. Republican Leader Kevin Kelly issued the following statement regarding the new child tax credit saying, “… while we welcome this discussion, as is always the case, the devil is in the details. Health insurance premiums, energy costs and the overall cost of living in Connecticut are too high thanks to the onerous policies passed by majority Democrats, resulting in people leaving Connecticut for greener pastures. Over the course of the next few weeks, Republicans will unveil proposals of our own to make Connecticut more affordable and we look forward to a spirited debate.”