First-time home buyer savings plan; townhouses, principal limits.
Sponsored By: Kannan Srinivasan (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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Kannan Srinivasan
Democratic • Senate
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)
2/10/2026SenateSenate committee amendments offered
2/4/2026SenateReported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A)
2/4/2026SenateSenate subcommittee amendments offered
1/28/2026SenateAssigned GL&T sub: Housing
1/28/2026SenateFiscal Impact statement From TAX (1/23/2026 2:35 pm)
1/23/2026SenateReferred to Committee on General Laws and Technology
1/14/2026SenatePrefiled and ordered printed; Offered 01-14-2026 26105091D
1/14/2026Senate
Bill Text
Amendment
2/5/2026
Introduced
1/14/2026
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