S2442Introduced in the Senate
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.
Introduced by Thomas Paolino, District 17
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Committee recommended measure be held for further study
May 7, 2026
How did lawmakers vote?
SenateStage: Senate Committee on Finance: Be held for further study · May 7, 2026
6
Yes
0
No
4
Absent or Not Voting
10 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Samuel Zurier | 3 | Yes |
| Frank Ciccone | 7 | Absent |
| Walter Felag | 10 | Yes |
| Louis Dipalma | 12 | Yes |
| Jonathon Acosta | 16 | Yes |
| Brian Thompson | 20 | Absent |
| Lammis Vargas | 28 | Yes |
| Elaine Morgan | 34 | Absent |
| Alana DiMario | 36 | Yes |
| Susan Sosnowski | 37 | Absent |
Bill history
Introduced, referred to Senate Finance
Scheduled for hearing and/or consideration (05/07/2026)
Committee recommended measure be held for further study
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