AN ACT RELATING TO TAXATION -- FIRST-TIME HOMEBUYER SAVINGS ACCOUNT ACT

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 3 Sponsors 5

Allows an individual, who is a first-time homebuyer, to contribute funds to a first-time homebuyer savings account with Rhode Island housing to pay for eligible costs to purchase a home and receive tax deductions and exemptions.

Chamber: Senate
Introduced: Jan 30, 2026
Last action: May 7, 2026 — 05/07/2026 Committee recommended measure be held for further study
Sponsor: Matt LaMountain D
Session: 2026
Momentum: 5 · Stalled