Members of Connecticut’s Legislative Banking Committee approved three proposed bills intended to make it easier for people to buy and build houses in Connecticut at its March 6 meeting.
The first of these bills, An Act Establishing First-Time Homebuyer Savings Accounts and A Related Tax Deduction and Credit (HB6876), would establish a saving account and tax deduction for first-time homebuyers and create a related tax deduction and credit.
“You know the American dream is buying a home and we want people to stay in Connecticut. What better way to actually have people stay in Connecticut?” Ranking Member Tom Delnicki (R-South Windsor) said at the meeting. “If they have an opportunity, they’re able to save money up, there’s a tax credit and the opportunity to have up to four family homes so an individual can conceivably buy that home and be a landlord, could have relatives move in, could do a variety of things to actually be able to afford the American dream.”
