Virginia bills · 2026 Regular Session
Virginia SB 629
First-time home buyer savings plan; townhouses, principal limits.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Kannan Srinivasan (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS INTRODUCED
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.
Text versions
Roll-call votes
State vote data last updated Oct 16, 2026, 12:24 AM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Feb 10, 2026 Senate | Continued to next session in Finance and Appropriations | pass | Set your home in Virginia to see |
| Feb 4, 2026 Senate | Reported from General Laws and Technology with amendments | pass | Set your home in Virginia to see |
Actions
- Feb 10, 2026 · Senate
Continued to next session in Finance and Appropriations (15-Y 0-N) - Feb 4, 2026 · Senate
Reported from General Laws and Technology with amendments and rereferred to Finance and Appropriations (12-Y 2-N 1-A) - Feb 4, 2026 · Senate
Senate committee amendments offered - Jan 28, 2026 · Senate
Senate subcommittee amendments offered - Jan 28, 2026 · Senate
Assigned GL&T sub: Housing - Jan 23, 2026 · Senate
Fiscal Impact statement From TAX (1/23/2026 2:35 pm) - Jan 14, 2026 · Senate
Referred to Committee on General Laws and Technology - Jan 14, 2026 · Senate
Prefiled and ordered printed; Offered 01-14-2026 26105091D