2024 Regular Session • Rhode Island Legislature
H7673: Establishes the first time home buyer savings program act. Allows modifications to federal adjusted gross income for $50,000 in contributions and $150,000 of interest and dividends included in federal adjusted gross income.
Legislative Summary
PROPERTY -- FIRST TIME HOME BUYER SAVINGS PROGRAM ACT - Establishes the first time home buyer savings program act. Allows modifications to federal adjusted gross income for $50,000 in contributions and $150,000 of interest and dividends included in federal adjusted gross income.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
2/15/2024
Introduced, referred to House Finance
House of Representatives
4/18/2024
Scheduled for hearing and/or consideration (04/23/2024)
House of Representatives
4/23/2024
Committee recommended measure be held for further study
House of Representatives
Status Information
Current Status
Introduced(2/15/2024)
Chamber
House of Representatives
Committee
Finance(House of Representatives)
Sine DiePrior Session
Sponsors
Republican: 6
Primary Sponsor
Brian Newberry
Republican