Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
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.
Introduced
Jan 7, 2026
Last Action
Feb 25, 2026
Session
VA 2026
Sponsors
1 primary · 0 co
Continued to next session in Finance and Appropriations (15-Y 0-N)
Fiscal Impact statement From TAX (2/17/2026 6:47 pm)
Referred to Committee on Finance and Appropriations
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (96-Y 2-N 0-A)
committee substitute agreed to
Engrossed by House - committee substitute
Read second time
Read first time
Reported from Appropriations with substitute (16-Y 5-N)
Committee substitute printed 26105761D-H1
House committee offered
Subcommittee recommends reporting with substitute
House subcommittee offered
Fiscal Impact statement From TAX (1/17/2026 11:43 am)
Assigned HAPP sub: Commerce Agriculture & Natural Resources
Referred to Committee on Appropriations
Prefiled and ordered printed; Offered 01-14-2026 26101205D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Continued to next session in Finance and Appropriations (15-Y 0-N)
David A. Reid