Income tax, state; first-time homebuyer tax credit.
Sponsored By: Todd E. Pillion (Republican)
In Committee
Summary
Individual income tax; first-time homebuyer tax credit. Creates a one-time, nonrefundable individual income tax credit in taxable years 2026 through 2030 for the purchase of a principal residence by a first-time homebuyer, as such terms are defined in the bill, in an amount equal to $5,000. The bill requires that any credits be repaid if the principal residence is sold or no longer serves as the first-time homebuyer's principal residence within three years from the purchase date of such property.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Todd E. Pillion
Republican • 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 (10-Y 4-N)
1/28/2026SenateFiscal Impact statement From TAX (1/26/2026 11:04 pm)
1/26/2026SenateReferred to Committee on Finance and Appropriations
1/19/2026SenatePresented and ordered printed 26105180D
1/19/2026Senate
Bill Text
Introduced
1/19/2026
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