SB629Introduced in the Senate
First-time home buyer savings plan; townhouses, principal limits.
Introduced by Kannan Srinivasan, District 32
What does this bill do?
Plain-English breakdown
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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.
Where it stands
Continued to next session in Finance and Appropriations (15-Y 0-N)
February 10, 2026
How did lawmakers vote?
SenateStage: Continued to next session in Finance and Appropriations (15-Y 0-N) · February 10, 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 |
| Louise Lucas | 18 | Yes |
| Aaron Rouse | 22 | Yes |
| Mamie Locke | 23 | Yes |
| Richard Stuart | 25 | Yes |
| Ryan McDougle | 26 | Yes |
| Bryce Reeves | 28 | Yes |
| Jeremy McPike | 29 | Yes |
Bill history
Prefiled and ordered printed; Offered 01-14-2026 26105091D
Referred to Committee on General Laws and Technology
Fiscal Impact statement From TAX (1/23/2026 2:35 pm)
Assigned GL&T sub: Housing
Senate subcommittee amendments offered
Senate committee amendments offered
Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A)
Continued to next session in Finance and Appropriations (15-Y 0-N)
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