STATE BILLVA HB 183ENGROSSED

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

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. The bill defines first-time home buyer, and includes that term in the definition of qualified beneficiary.

Status: Engrossed; Passed its first chamber
Status date: Feb 2, 2026; 283 days ago
Current chamber: Senate
Session: 2027 Regular Session

VA HB 183 · EngrossedFeb 2

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Bill details

Last action: Continued from last session · Jul 21, 2026
Pending committee: Finance and Appropriations

Sponsor

DRDavid ReidRepresentative · Democrat · HD-028Primary sponsor

Bill history

Newest first.

Jul 21, 2026Continued from last sessionSenate

Feb 25, 2026Continued to next session in Finance and Appropriations (15-Y 0-N)Senate

Feb 17, 2026Fiscal Impact statement From TAX (2/17/2026 6:47 pm)House

Feb 4, 2026Referred to Committee on Finance and AppropriationsSenate

Feb 4, 2026Constitutional reading dispensed (on 1st reading)Senate

Feb 3, 2026Read third time and passed House (96-Y 2-N 0-A)House

Feb 2, 2026Engrossed by House - committee substituteHouse

Feb 2, 2026committee substitute agreed toHouse

Show 11 earlier actions

Feb 2, 2026Read second timeHouse

Jan 30, 2026Read first timeHouse

Jan 28, 2026Committee substitute printed 26105761D-H1House

Jan 28, 2026House committee offeredHouse

Jan 28, 2026Reported from Appropriations with substitute (16-Y 5-N)House

Jan 21, 2026Subcommittee recommends reporting with substituteHouse

Jan 21, 2026House subcommittee offeredHouse

Jan 17, 2026Fiscal Impact statement From TAX (1/17/2026 11:43 am)House

Jan 15, 2026Assigned HAPP sub: Commerce Agriculture & Natural ResourcesHouse

Jan 7, 2026Referred to Committee on AppropriationsHouse

Jan 7, 2026Prefiled and ordered printed; Offered 01-14-2026 26101205DHouse

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