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CT SB00305
Bill
Status
Introduced
1/20/2011
Primary Sponsor
Jason Welch
Click for details
AI Summary
- Provides income tax relief and other incentives for first-time homeowners who are 30 years old or younger to purchase homes in distressed communities.
- Requires the home purchase price to fall within allowable value limits as determined by the Connecticut Housing Finance Authority.
- Requires participating homeowners to agree to remain in the purchased home for at least five years.
- Requires participating homeowners to meet specified income level requirements.
- Aims to attract young homeowners to distressed communities through tax incentives.
Legislative Description
An Act Concerning First-time Homeowners.
Last Action
Public Hearing 02/08
2/2/2011
Committee Referrals
Housing1/20/2011
Full Bill Text
No bill text available