Did not become law. It stopped in the Senate's Finance and Revenue Committee on June 27, 2025. The 2025 session has ended.
2025 Regular Session
Senate Bill 893
Permits a person to open a first-time home buyer savings account until January 1, 2030, and doubles the annual contribution limits on the accounts.
What it does
The synopsis the Legislative Assembly published with the bill.
Digest: Doubles the amount of money a person can put in a savings account each year for a first home purchase. (Flesch Readability Score: 72.3). Permits a person to open a first-time home buyer savings account until January 1, 2030, and doubles the annual contribution limits on the accounts. Permits a person other than the account holder to take a subtraction and exemption for contributions to the account if the account holder does not take the subtraction and exemption. Takes effect on the 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
January 21 to June 27, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action3 actions on 2 days
In the SenateJan 21 to Jun 27 · stopped157 days
Waiting for a committeeJan 21 to Jan 210 days
Finance and RevenueJan 21 to Jun 27 · stopped157 days
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the Senate Jan 21 – Jun 27
- Jan 21Introduced
- Sent to Finance and Revenue
- Jun 27Died when the session ended
All 3 actions, as published
- Jan 21Introduction and first reading. Referred to President's desk.Senate
- Jan 21Referred to Finance and Revenue.Senate
- Jun 27In committee upon adjournment.Senate