2024 Regular Session • Rhode Island Legislature
S2556: 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.
Bill History
3/1/2024
Introduced, referred to Senate Finance
Senate
4/26/2024
Scheduled for hearing and/or consideration (04/30/2024)
Senate
4/30/2024
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(3/1/2024)
Chamber
Senate
Committee
Finance(Senate)
Sine DiePrior Session
Sponsors
Republican: 4
Primary Sponsor
Thomas Paolino
Republican