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CT SB00532

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

Arthur Linares

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Origin

Senate

2013 General Assembly

AI Summary

  • Amends section 32-4i of the general statutes to expand the Learn Here, Live Here program eligibility
  • Allows program participants to use accumulated funds to start a new business in Connecticut, in addition to the existing use for purchasing a first home
  • Program participants currently save toward a down payment by having a portion of their state income tax payments segregated for up to ten years after graduation
  • Aims to provide additional pathways for program participants to invest in Connecticut's economy beyond homeownership

Legislative Description

An Act Allowing Learn Here, Live Here Funds To Be Applied To The Creation Of A New Business.

Last Action

Referred to Joint Committee on Commerce

1/24/2013

Committee Referrals

Commerce1/24/2013

Full Bill Text

No bill text available