SB747
Income tax, state; first-time homebuyer tax credit.
Status:
In Senate
Latest Action:
Jan. 28, 2026
Senate: Continued to next session in Finance and Appropriations (10-Y 4-N)
Chief Patron:
Todd Pillion (R)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) 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. (Less)-
Bill History
- 01/19/2026 - Senate: Presented and ordered printed 26105180D
- 01/19/2026 - Senate: Referred to Committee on Finance and Appropriations
- 01/26/2026 - Senate: Fiscal Impact statement From TAX (1/26/2026 11:04 pm)
- 01/28/2026 - Senate: Continued to next session in Finance and Appropriations (10-Y 4-N)
