Laws & Taxes

Tax Day Highlights New Tax Relief for Connecticut Families
Washington, DC - April 14, 2010 - (RealEstateRama) -- Congressman Jim Himes (CT-4) reminded constituents today that Connecticut taxpayers are seeing significant relief as a result of new tax breaks for middle and low-income families. As noted by former Reagan policy advisor Bruce Bartlet, ?“…federal taxes are very considerably lower by every measure since Obama became president.” All totaled, Congress has enacted over $800 billion in tax cuts, including the Making Work Pay, First-time Homebuyer, and new residential energy tax credits, with another $285 billion in cuts also making their way through Congress, such as permanent estate tax relief and the R&D tax credit to spur business innovation.“The tax cuts we enacted this past year are putting money back in the pockets of hard-working Connecticut families and individuals,” said Himes. “I encourage everyone who is eligible to take advantage of this year's new tax cuts.”
CFO of Real Estate Development Firm Admits Role in Fraud Scheme
December 8, 2009 - (RealEstateRama) -- Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that PAUL MAYOTTE, 69, of Brookfield, the CFO of Girouard Associates, Inc. and RRG Investments, LLC, both of which are owned by Connecticut real estate developer Richard Girouard, pleaded guilty today before Senior United States District Judge Alfred V. Covello in Hartford to one count of an indictment charging MAYOTTE with conspiring with Girouard to commit wire fraud related to a scheme to defraud an investor out of money.
Represenative Votes To Extend Unemployment Insurance, First-Time Home Buyer Tax Credit and Provide Tax Relief To Small Businesses
Washington, DC - November 6, 2009 - (RealEstateRama) -- Congressman Joe Courtney announced that he has voted in favor of H.R. 3548, the Unemployment Compensation Extension Act, which extends an additional 14 weeks of unemployment assistance to all states, including Connecticut, and extends the homebuyer tax credit for first-time buyers and military families. The legislation also provides relief to businesses by extending a five year net operating loss carryback to 2009. The bill passed 403-12.
Murphy Votes for Additional Unemployment Assistance and Help for the Housing Market in Connecticut
WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Congressman Chris Murphy (CT-5) voted for the Emergency Unemployment Compensation Extension Act to provide Connecticut families hit hardest by the recession a 14 week extension of unemployment benefits. And to strengthen Connecticut's housing market, the bill includes an extension of the first-time homebuyer tax credit through next spring, expands eligibility for the homebuyer credit, and provides housing tax relief for Connecticut's military families. This legislation will not add to the deficit, and President Obama is expected to sign it quickly.
Reps. Courtney and Calvert Lead Bipartisan Effort To Extend First Time Homebuyer Tax Credit Prior To November 30th Deadline
163 Bipartisan Members Sign Courtney-Calvert Letter Seeking Extension of Home Purchase Incentive. WASHINGTON, DC - October 21, 2009 - (RealEstateRama) -- Today, Representatives Joe Courtney (D-CT) and Ken Calvert (R-CA) delivered a bipartisan letter to Speaker Nancy Pelosi and Minority Leader John Boehner urging an extension of the First Time Home Buyer Tax Credit. Including the authors, 165 bipartisan Members of Congress have signed the Courtney-Calvert letter.
Dodd Calls for Extension of Homebuyer Tax Credit
Senate Democrats Pass Green Building Tax Credit
Senator Looney says environmental legislation will boost jobs, economic development in New Haven and across Connecticut. October 5, 2009 - (RealEstateRama) -- A measure included in one of the budget implementer bills passed by the state legislature will help stimulate economic development in New Haven and elsewhere while also preserving the environment, says Senate Majority Leader Martin M. Looney (D-New Haven). The legislation establishes a maximum $25 million tax credit for taxpayers who build buildings that meet specific energy and environmental standards.
Murphy Promotes $8,000 Tax Break for First Time Homebuyers with New Homeowners in Greater Meriden Area
MERIDEN, CT - August 26, 2009 - (RealEstateRama) -- Congressman Chris Murphy (CT-5) came to Meriden to promote a new $8,000 tax credit for first time homebuyers that was included in the American Recovery and Reinvestment Act of 2009 (ARRA) to boost the housing market and the overall economy. Murphy was joined by Meriden area first time homebuyers, a local realtor, a People's United Bank representative and other elected officials to encourage Connecticut residents to take advantage of this new tax break before it expires on December 1, 2009
Lack of State Bond Package Slowing Local Projects, Could Cost Property Taxpayers, Warns CCM
August 18, 2009 - (RealEstateRama) -- Lack of state action on a state bond package is delaying millions of dollars statewide to municipalities, slowing local projects and threatening to cost property taxpayers hundreds of thousands of dollars, according to the Connecticut Conference of Municipalities (CCM), the statewide association of towns and cities.
Governor Rell: New Laws Expand Mortgage Help For Connecticut Homeowners Facing Foreclosure
More Families Eligible for Governor’s Mortgage Assistance Programs. August 5, 2009 - (RealEstateRama) -- Governor M. Jodi Rell today announced that more Connecticut families facing foreclosure will be able to get the financial help they need to stay in their homes thanks to new legislation she has signed into law.
Majority Leader Looney, Prague Hail Enactment of Law Creating State’s Nursing Home Bill of Rights
July 9, 2009 - (RealEstateRama) — State Senator Edith G. Prague (D-Columbia), Senate Chair of the legislature’s Select Committee on Aging, and Senate Majority Leader Martin M. Looney (D-New Haven) today welcomed final action on the bill that committee initiated to create a Nursing Home Bill of Rights for Connecticut. Senator Prague said Governor Rell’s signature indicates formal enactment into law
CCM applauds Appropriations Committee increase in aid; looks to General Assembly to build on aid increase, as towns struggle
CCM applauds the Appropriations Committee for a FY 2008-09 budget that includes $46 million in increases in aid for towns and cities over what had been proposed by Governor Rell in February ($26 million above the previously adopted budget).