General Assembly Proposed Bill No. 538
January Session, 2015 LCO No. 2583
*02583*
Referred to Committee on COMMERCE
Introduced by:
SEN. LINARES, 33rd Dist.
General Assembly
Proposed Bill No. 538
January Session, 2015
LCO No. 2583
*02583*
Referred to Committee on COMMERCE
Introduced by:
SEN. LINARES, 33rd Dist.
AN ACT ALLOWING LEARN HERE, LIVE HERE FUNDS TO BE USED TO START A NEW BUSINESS IN THE STATE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
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.
Statement of Purpose:
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.