The proposed bill, General Assembly Proposed Bill No. 6751, aims to amend chapter 229 of the general statutes to introduce a child and dependent tax credit against the personal income tax. This credit would provide taxpayers with a benefit of one thousand dollars for each child or dependent they claim.
The bill seeks to enhance financial support for families by reducing their tax burden, thereby encouraging the well-being of children and dependents. The introduction of this tax credit is intended to provide relief to taxpayers and promote family stability through financial assistance.