First-time home buyer savings plan; townhouses, principal limits.
Sponsored By: David A. Reid (Democratic)
In Committee
Summary
First-time home buyer savings plan; townhouses; principal limits. Includes townhouses in the definition of single-family residence for purposes of the First-Time Home Buyer Savings Plan Act. The bill also increases (i) the aggregate amount of principal that can be contributed to a first-time home buyer savings account from $50,000 to $100,000 and (ii) the limit on the amount of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000. The bill defines first-time home buyer, and includes that term in the definition of qualified beneficiary.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
David A. Reid
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Continued from last session
7/21/2026SenateContinued to 2027 in Finance and Appropriations (15-Y 0-N)
2/25/2026SenateFiscal Impact statement From TAX (2/17/2026 6:47 pm)
2/17/2026HouseReferred to Committee on Finance and Appropriations
2/4/2026SenateConstitutional reading dispensed (on 1st reading)
2/4/2026SenateRead third time and passed House (96-Y 2-N 0-A)
2/3/2026HouseEngrossed by House - committee substitute
2/2/2026Housecommittee substitute agreed to
2/2/2026HouseRead second time
2/2/2026HouseRead first time
1/30/2026HouseCommittee substitute printed 26105761D-H1
1/28/2026HouseHouse committee offered
1/28/2026HouseReported from Appropriations with substitute (16-Y 5-N)
1/28/2026HouseHouse subcommittee offered
1/21/2026HouseSubcommittee recommends reporting with substitute
1/21/2026HouseFiscal Impact statement From TAX (1/17/2026 11:43 am)
1/17/2026HouseAssigned HAPP sub: Commerce Agriculture & Natural Resources
1/15/2026HouseReferred to Committee on Appropriations
1/7/2026HousePrefiled and ordered printed; Offered 01-14-2026 26101205D
1/7/2026House
Bill Text
Substitute
1/28/2026
Introduced
1/7/2026
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