Connecticut 2013 Regular Session

Connecticut Senate Bill SB00532 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 532
22 January Session, 2013 LCO No. 2329
33 Referred to Committee on COMMERCE
44 Introduced by:
55 SEN. LINARES, 33rd Dist.
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77 General Assembly
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99 Proposed Bill No. 532
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1111 January Session, 2013
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1313 LCO No. 2329
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1515 Referred to Committee on COMMERCE
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1717 Introduced by:
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1919 SEN. LINARES, 33rd Dist.
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2121 AN ACT ALLOWING LEARN HERE, LIVE HERE FUNDS TO BE APPLIED TO THE CREATION OF A NEW BUSINESS.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 That section 32-4i of the general statutes be amended to allow participants in the Learn Here, Live Here program to use funds from the program to start a new business in the state, in addition to the purchase of a first home.
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2727 Statement of Purpose:
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2929 To expand the Learn Here, Live Here program, which helps students save toward a down payment on their first home in Connecticut by segregating a portion of their state income tax payments for up to ten years after they graduate, by allowing participants to use Learn Here, Live Here funds to start a new business in the state.