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Glossary of Legislative Terms

SB 1672: Tax Credits for Contributions to Assist Homebuyers

GENERAL BILL by McClain ; (CO-INTRODUCERS) Arrington

Tax Credits for Contributions to Assist Homebuyers; Authorizing certain taxpayers to receive a tax credit for contributions made to certain employees for specified expenses related to buying a home; providing a maximum credit authorized in certain circumstances; authorizing a taxpayer to receive a tax credit for contributions made to certain programs; authorizing the taxpayer to submit an application for the tax credit; authorizing the tax credit to be used against certain taxes; requiring the Department of Revenue to approve applications on a first-come, first-served basis, etc.

Effective Date: 7/1/2026
Last Action: 1/28/2026 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
1/9/2026 Senate • Filed
1/16/2026 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations
1/22/2026 Senate • Introduced
1/23/2026 Senate • On Committee agenda-- Commerce and Tourism, 01/28/26, 10:30 am, 110 Senate Building
1/28/2026 Senate • Favorable by Commerce and Tourism; YEAS 9 NAYS 0
• Now in Finance and Tax