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SB 2367 Rhode Island Senate · 2026 Regular Session

AN ACT RELATING TO TAXATION -- FIRST-TIME HOMEBUYER SAVINGS ACCOUNT ACT

Summary
Allows an individual, who is a first-time homebuyer, to contribute funds to a first-time homebuyer savings account with Rhode Island housing to pay for eligible costs to purchase a home and receive tax deductions and exemptions.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax deductions for first-time homebuyers, offering tax relief to middle-income individuals through state tax incentives.95% confidence ✓ HousingSupports HousingTax deductions for first-time homebuyers lower purchase costs, advancing homeownership access - a core affordable housing strategy. No tenant/development focus, but directly supports housing entry points.85% confidence
Bill status died 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2026 Last action May 7, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
May 7, 2026
Committee
05/07/2026 Committee recommended measure be held for further study
legislature
Jan 30, 2026
Introduced
01/30/2026 Introduced, referred to Senate Finance
upper
5 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of David Tikoian
David Tikoian
DDemocratic
RI
22
P
Photo of Frank Ciccone
Frank Ciccone
DDemocratic
RI
7
P
Photo of Matt LaMountain
Matt LaMountain
DDemocratic
RI
31
P
Photo of Melissa Murray
Melissa Murray
DDemocratic
RI
24
P
Photo of Val Lawson
Val Lawson
DDemocratic
RI
14