Under a bill under consideration in the Legislature, residents of New Jersey would be eligible for tax incentives to assist them in saving for the purchase of their first house in the state.The state Senate Community and Urban Affairs Committee adopted legislation to create the New Jersey First-Time Home Buyer Savings Account Program on Thursday. “Homeownership is one of the most effective ways to develop wealth and long-term stability,” said Sen. Troy Singleton, D-Burlington.First-time homebuyers now have a useful, tax-advantaged approach to save money thanks to this plan.