SB629
First-time home buyer savings plan; townhouses, principal limits.
Status:
In Senate
Latest Action:
Feb. 10, 2026
Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
Chief Patron:
Kannan Srinivasan (D)
Session:
2026 Regular Session
Summary
As Introduced. 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 ... (More) of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000. (Less)-
Bill History
- 01/14/2026 - Senate: Prefiled and ordered printed; Offered 01-14-2026 26105091D
- 01/14/2026 - Senate: Referred to Committee on General Laws and Technology
- 01/23/2026 - Senate: Fiscal Impact statement From TAX (1/23/2026 2:35 pm)
- 01/28/2026 - Senate: Assigned GL&T sub: Housing
- 01/28/2026 - Senate: Senate subcommittee amendments offered
- 02/04/2026 - Senate: Senate committee amendments offered
- 02/04/2026 - Senate: Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A)
- 02/04/2026 - Senate: Rereferred to Finance and Appropriations
- 02/10/2026 - Senate: Continued to next session in Finance and Appropriations (15-Y 0-N)
