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 alleviate the financial burden on families by offering this tax credit, thereby supporting parents and guardians in managing their expenses related to raising children or caring for dependents. The introduction of this credit is intended to enhance the overall financial well-being of families within the state.