Georgia · 2025-2026 Regular Session · Bill
HB 1607: Georgia First-Time Homebuyer's Savings Account Act; enact
Introduced Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 1607 is a bill introduced in the Georgia House on March 27, 2026. According to its official title, it concerns: Georgia First-Time Homebuyer's Savings Account Act; enact. Primary sponsor: Scott Hilton (Republican), Chuck Efstration (Republican), Sandy Donatucci (Republican), Deborah Silcox (Republican), Carter Barrett (Republican), Jan Jones (Republican). Most recent recorded action (April 2, 2026): House Second Readers.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
A BILL to be entitled an Act to amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as to provide for the creation of first-time homebuyer savings accounts; to provide for contributions by account holders to accounts; to provide for transfer of beneficiaries; to provide for annual reporting; to provide for certain exemptions from certain requirements for financial institutions; to provide for tax deductions; to provide for tax deduction limits; to provide for unqualified withdrawal penalties and exceptions; to permit the Department of Revenue to impose penalties for fraudulent activity; to require the Department of Revenue to create certain forms; to provide for a short title; to provide for purpose; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
Sponsors
Sponsors by party (alphabetical): Republican 6
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Scott Hilton | Primary sponsor | Republican | House | 48 |
| Chuck Efstration | Primary sponsor | Republican | House | 104 |
| Sandy Donatucci | Primary sponsor | Republican | House | 105 |
| Deborah Silcox | Primary sponsor | Republican | House | 53 |
| Carter Barrett | Primary sponsor | Republican | House | 24 |
| Jan Jones | Primary sponsor | Republican | House | 47 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- House Second Readers
- House First Readers
- House Hopper