General Assembly Proposed Bill No. 5132 January Session, 2015 LCO No. 310 *00310* Referred to Committee on COMMERCE Introduced by: REP. DAVIS C., 57th Dist. General Assembly Proposed Bill No. 5132 January Session, 2015 LCO No. 310 *00310* Referred to Committee on COMMERCE Introduced by: REP. DAVIS C., 57th Dist. AN ACT CONCERNING A TAX CREDIT FOR FIRST-TIME HOMEBUYERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 229 of the general statutes be amended to establish a tax credit for first-time homebuyers that mirrors the federal First-Time Homebuyer Credit. Statement of Purpose: To establish a tax credit for first-time homebuyers in order to encourage the purchase of homes in the state.