S 4948·NJ·senate
Establishes first-time homebuyer savings program and provides gross income tax benefits for accounts established under the program.
Introduced
Sponsor: Polistina, Vincent J. (R)
Summary
The bill establishes a new savings account program for people purchasing their first home. Participants would receive gross income tax benefits on money placed in these accounts. It aims to help make homeownership more affordable.
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