Bill Commons

VA SB 629

Status unknown

First-time home buyer savings plan; townhouses, principal limits.

Virginia · 2026 Regular Session · upper

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Quick answers

Did VA SB 629 pass?

The current status of VA SB 629 is not known from the official record. Latest recorded action (2026-02-10): Continued to next session in Finance and Appropriations (15-Y 0-N)

What is VA SB 629 about?

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.

Who sponsors VA SB 629?

Kannan Srinivasan is the primary sponsor of VA SB 629.

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.

Introduced
2026-01-14
Latest action
2026-02-10 — Continued to next session in Finance and Appropriations (15-Y 0-N)
Bill type
bill
Last updated
—

Sponsors

  • Kannan Srinivasanprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-02-10

    Continued to next session in Finance and Appropriations (15-Y 0-N)

  2. 2026-02-04

    Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A)

    committee-passage

  3. 2026-02-04

    Senate committee amendments offered

  4. 2026-01-28

    Senate subcommittee amendments offered

  5. 2026-01-28

    Assigned GL&T sub: Housing

    referral-committee

  6. 2026-01-23

    Fiscal Impact statement From TAX (1/23/2026 2:35 pm)

  7. 2026-01-14

    Referred to Committee on General Laws and Technology

    referral-committee

  8. 2026-01-14

    Prefiled and ordered printed; Offered 01-14-2026 26105091D

    filing,introduction

Versions

Documents

Votes

  • Reported from General Laws and Technology with amendments

    2026-02-04 · pass · 12-2

    Member-level votes (15)
    • Adam P. Ebbin: yes
    • Mamie E. Locke: yes
    • Bryce E. Reeves: abstain
    • Jeremy S. McPike: yes
    • Todd E. Pillion: yes
    • Aaron R. Rouse: yes
    • Christopher T. Head: no
    • Emily M. Jordan: yes
    • Lashrecse D. Aird: yes
    • Schuyler T. VanValkenburg: yes
    • Danica A. Roem: yes
    • Jennifer D. Carroll Foy: yes
    • Timmy French: no
    • Christie New Craig: yes
    • Angelia Williams Graves: yes

  • Continued to next session in Finance and Appropriations

    2026-02-10 · pass · 15-0

    Member-level votes (15)
    • L. Louise Lucas: yes
    • R. Creigh Deeds: yes
    • Mamie E. Locke: yes
    • David W. Marsden: yes
    • Adam P. Ebbin: yes
    • Ryan T. McDougle: yes
    • Mark D. Obenshain: yes
    • Richard H. Stuart: yes
    • Bryce E. Reeves: yes
    • Barbara A. Favola: yes
    • Scott A. Surovell: yes
    • Jeremy S. McPike: yes
    • Jennifer B. Boysko: yes
    • Todd E. Pillion: yes
    • Aaron R. Rouse: yes

Related bills

No related bills recorded for this bill.

Official source

https://lis.virginia.gov/bill-details/20261/SB629

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:35:59.552682Z

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