The proposed Bill No. 5009 aims to amend section 12-704c of the general statutes to enhance the property tax credit against the personal income tax for individuals' primary residences or motor vehicles. Key changes include increasing the maximum allowable credit from $300 to $1,000, raising the minimum allowable credit threshold, and expanding eligibility by adjusting the qualifying Connecticut adjusted gross income thresholds.

These modifications are intended to provide greater financial relief to taxpayers by increasing the benefits associated with the property tax credit, thereby making it more accessible to a broader range of individuals. The bill reflects a commitment to support residents in managing their tax burdens related to property ownership and vehicle registration.