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CT SB00538

Bill

Official Source

Status

Introduced

1/22/2015

Primary Sponsor

Arthur Linares

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Origin

Senate

2015 General Assembly

AI Summary

  • Amends Section 32-4i of the general statutes to expand the Learn Here, Live Here program
  • Allows program participants to use accumulated funds to start a new business in Connecticut, in addition to the existing allowance for purchasing a first home
  • Enables graduates to segregate a portion of their state income tax payments for up to ten years and apply those funds toward business startup costs
  • Broadens the program's purpose from solely supporting homeownership to also supporting entrepreneurship and business creation in the state

Legislative Description

An Act Allowing Learn Here, Live Here Funds To Be Used To Start A New Business In The State.

Last Action

Referred to Joint Committee on Commerce

1/22/2015

Committee Referrals

Commerce1/22/2015

Full Bill Text

No bill text available