Bill Commons

GA HB 1607

died on adjournment

Georgia First-Time Homebuyer's Savings Account Act; enact

Georgia · 2025_26 · lower

Description

A BILL to be entitled an Act to amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to provide for the creation of first-time homebuyer savings accounts; to provide for contributions by account holders to accounts; to provide for transfer of beneficiaries; to provide for annual reporting; to provide for certain exemptions from certain requirements for financial institutions; to provide for tax deductions; to provide for tax deduction limits; to provide for unqualified withdrawal penalties and exceptions; to permit the Department of Revenue to impose penalties for fraudulent activity; to require the Department of Revenue to create certain forms; to provide for a short title; to provide for purpose; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.

Introduced
2026-03-27
Status date
—
Latest action
2026-04-02 — House Second Readers
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Scott Hiltonprimary
  • Chuck Efstrationprimary
  • Sandy Donatucciprimary
  • Deborah Silcoxprimary
  • Carter Barrettprimary
  • Jan Jonesprimary

Committees

Not provided by source.

Action timeline

  1. 2026-03-27

    House Hopper

    introduction

  2. 2026-03-31

    House First Readers

    reading-1

  3. 2026-04-02

    House Second Readers

    reading-2

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://www.legis.ga.gov/legislation/74573

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:19:40.450420Z

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=GA&identifier=HB 1607. See the API docs or the MCP server for AI assistants.

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  • Committee referrals are not yet captured.

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