HB183Introduced in the House of Delegates
First-time home buyer savings plan; townhouses, principal limits.
Introduced by David Reid, District 28
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
First-time home buyer savings plan; townhouses; principal limits. Includes townhouses in the definition of single-family residence for purposes of the First-Time Home Buyer Savings Plan Act. The bill also increases (i) the aggregate amount of principal that can be contributed to a first-time home buyer savings account from $50,000 to $100,000 and (ii) the limit on the amount of principal and interest or other income on the principal that may be retained in such an account from $150,000 to $200,000. The bill defines first-time home buyer, and includes that term in the definition of qualified beneficiary.
Where it stands
Continued to next session in Finance and Appropriations (15-Y 0-N)
February 25, 2026
How did lawmakers vote?
House of Delegates votes
3 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Continued to next session in Finance and Appropriations (15-Y 0-N) · February 25, 2026
15
Yes
0
No
0
Absent or Not Voting
15 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Mark Obenshain | 2 | Yes |
| Todd Pillion | 6 | Yes |
| Creigh Deeds | 11 | Yes |
| Lashrecse Aird | 13 | Yes |
| Lamont Bagby | 14 | Yes |
| Louise Lucas | 18 | Yes |
| Aaron Rouse | 22 | Yes |
| Mamie Locke | 23 | Yes |
| Richard Stuart | 25 | Yes |
| Ryan McDougle | 26 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26101205D
Referred to Committee on Appropriations
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Fiscal Impact statement From TAX (1/17/2026 11:43 am)
House subcommittee offered
Subcommittee recommends reporting with substitute
Reported from Appropriations with substitute (16-Y 5-N)
House committee offered
Committee substitute printed 26105761D-H1
Read first time
Read second time
committee substitute agreed to
Engrossed by House - committee substitute
Read third time and passed House (96-Y 2-N 0-A)
Constitutional reading dispensed (on 1st reading)
Referred to Committee on Finance and Appropriations
Fiscal Impact statement From TAX (2/17/2026 6:47 pm)
Continued to next session in Finance and Appropriations (15-Y 0-N)
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