Loading chat...

CT HB05133

Bill

Official Source

Status

Introduced

1/9/2015

Primary Sponsor

Christopher Davis

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Amends Section 32-4i of the general statutes to establish the Learn Here, Live Here program on or before July 1, 2016
  • Requires the Commissioner of Economic and Community Development to administer the program
  • Allows program participants to segregate a portion of their state income tax payments for up to ten years after graduation
  • Expands program use to include applying accumulated funds toward formation of a new business in Connecticut, in addition to purchasing a first home
  • Enables young professionals to use accumulated tax set-asides for either down payment assistance or business startup capital

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

1/9/2015

Committee Referrals

Commerce1/9/2015

Full Bill Text

No bill text available