Rhode Island 2026 Session Status: In Committee 5 D cosponsors

SB 2367 — AN ACT RELATING TO TAXATION -- FIRST-TIME HOMEBUYER SAVINGS ACCOUNT ACT

Last action — 05/07/2026 Committee recommended measure be held for further study

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced January 30, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 24% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    5 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (5 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

Establishes a savings account for first-time homebuyers that allows tax deductions for eligible home purchase costs.

This bill enables first-time homebuyers in Rhode Island to create special savings accounts for down payments and closing costs, offering tax benefits. It outlines responsibilities for account holders in managing their accounts and eligible expenditures.

What this means for you
  • Families: This means first-time homebuyer families can save for home purchases while enjoying potential tax deductions.

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.

Bill Text

Action History

  1. 05/07/2026 Committee recommended measure be held for further study

  2. 05/01/2026 Scheduled for hearing and/or consideration (05/07/2026)

  3. 01/30/2026 Introduced, referred to Senate Finance

Sponsors

Sponsorship breakdown

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5 sponsors · 0 co-sponsors · 109 not signed on

Sponsors (5)

Co-sponsors (0)

None.

Not signed on (109)

109 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2367 do?
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.
Who sponsors SB 2367?
SB 2367 is sponsored by Matthew L. LaMountain (Democratic), Melissa Murray (Democratic), Frank A. Ciccone III (Democratic), David P. Tikoian (Democratic), and Valarie J. Lawson (Democratic).
What is the current status of SB 2367?
This bill is in committee in the Senate. Introduced January 30, 2026. It must pass committee before a floor vote.
Where can I track SB 2367?
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Last checked for changes about 2 months ago · updated continuously

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