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Hundreds of residents urge refundable renters' tax credit as direct relief for cost-burdened households
Summary
Dozens of renters, tenant advocates and community groups testified in favor of HB5114, a fully refundable renters' tax credit modeled on other states' programs that supporters say would return money to struggling households and help prevent evictions and housing instability.
A steady stream of renters, tenant organizers, municipal leaders and advocates told the Finance, Revenue and Bonding Committee that Connecticut urgently needs a refundable renters' tax credit to relieve rising housing costs and prevent displacement.
Witnesses argued the proposed credit (modeled in testimony on other states' programs) would deliver fast, targeted relief. "A renters' tax credit will give me relief and will help me have extra money to catch up on my bills or pay the next…
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