Because in the trades, a new business can cost anywhere around $100,000 to get going. And so it mirrors somewhat of the 529 College Savings Plan which I used to manage at the state level. And It does also allow individuals to roll over tax free 529 college savings money into one of these Jump Start accounts. So it has the same tax benefits as it relates to capital gains. And it's getting people into the workforce. (06:34–06:43)
CLAIM
Asserts that the program allows tax-free rollover from 529 college savings to Jump Start accounts.
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