2022 Regular SessionRhode Island Legislature

H7924: The First-time Homebuyers Savings Account Act

Legislative Summary

Authorizes the creation of first-time homebuyer savings account from which savings to purchase a home could be deducted from an individual's or couple's personal income taxes.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

3/7/2022
Introduced, referred to House Finance
House of Representatives
4/29/2022
Scheduled for hearing and/or consideration (05/05/2022)
House of Representatives
5/5/2022
Committee recommended measure be held for further study
House of Representatives

Status Information

Current Status
Introduced(3/7/2022)
Chamber
House of Representatives
Committee
Finance(House of Representatives)

Sponsors

Democrat: 2

Primary Sponsor

Carlos Tobon
Carlos Tobon
Democrat

Co-Sponsors (1)

Documents

Introduced
Bill Text3/7/2022146.1 KB