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AN ACT ESTABLISHING A FIRST-TIME HOMEBUYER SAVINGS ACCOUNT, ESTABLISHING TAX DEDUCTIONS FOR CONTRIBUTIONS TO FIRST-TIME HOMEBUYER SAVINGS ACCOUNTS AND THE WITHDRAWAL OF CERTAIN ELIGIBLE COSTS, DIRECTING THE TREASURER TO MAKE RECOMMENDATIONS CONCERNING MARKETABLE SECURITIES AND ESTABLISHING A FINANCIAL LITERACY TRUST FUND.
To require the Banking Commissioner to establish a first-time homebuyer savings account program and to establish a tax deduction for contributions to first-time homebuyer savings accounts.