Tag: tax breaks

Connecticut Lawmakers Weigh Tax Breaks to Expand Affordable Housing

The Center Square

Connecticut lawmakers are debating a plan that would offer property tax relief to senior citizens who agree to deed-restrict their homes as affordable housing.

The proposal, which cleared a key vote by the Legislature’s Housing Committee earlier this month, would allow seniors with household incomes of up to 80% of the area median income to “opt-in” to a program that deed-restricts their homes as affordable. In exchange, they wouldn’t be required to pay local property taxes. 

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Connecticut Firm Loses Army Bid After Receiving Tax Breaks

The Center Square

A Connecticut-based helicopter maker that was promised tax breaks from the state, has lost out on a major defense contract. 

Sikorsky Aircraft, maker of the iconic Blackhawk helicopters, had submitted a proposal to the U.S. Army to produce its Defiant-X helicopter as part of the next generation of long-range helicopters. 

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