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CT HB05134

Bill

Official Source

Status

Introduced

1/9/2015

Primary Sponsor

Gary Byron

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Amends Section 32-4i of the general statutes to require the Commissioner of Economic and Community Development to establish the Learn Here, Live Here program
  • Allows students to segregate a portion of their state income tax payments for up to ten years after graduation to save toward a down payment on their first home in Connecticut
  • Changes the program from optional to mandatory establishment by the Commissioner
  • Aims to encourage young professionals to purchase homes and remain in Connecticut by providing down payment assistance through tax payment allocation

Legislative Description

An Act Mandating The Establishment Of The Learn Here, Live Here Program.

Last Action

Referred to Joint Committee on Commerce

1/9/2015

Committee Referrals

Commerce1/9/2015

Full Bill Text

No bill text available