Rhode Island · 2025 Regular Session · Bill
HB 5778: AN ACT RELATING TO PROPERTY -- FIRST TIME HOME BUYER SAVINGS PROGRAM ACT
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 5778 is a bill introduced in the Rhode Island House on February 26, 2025. According to its official title, it concerns: AN ACT RELATING TO PROPERTY -- FIRST TIME HOME BUYER SAVINGS PROGRAM ACT. Primary sponsor: Paul Santucci (Republican), Marie Hopkins (Republican), Bob Quattrocchi (Republican), Dick Fascia (Republican), Chris Paplauskas (Republican), Brian Newberry (Republican). Most recent recorded action (May 13, 2025): 05/13/2025 Committee recommended measure be held for further study.
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.
Establishes the first time home buyer savings program act. Allows modifications to federal adjusted gross income for $50,000 in contributions and $150,000 of interest and dividends included in federal adjusted gross income.
Sponsors
Sponsors by party (alphabetical): Republican 6
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Paul Santucci | Primary sponsor | Republican | House | 53 |
| Marie Hopkins | Primary sponsor | Republican | House | 21 |
| Bob Quattrocchi | Primary sponsor | Republican | House | 41 |
| Dick Fascia | Primary sponsor | Republican | House | 42 |
| Chris Paplauskas | Primary sponsor | Republican | House | 15 |
| Brian Newberry | Primary sponsor | Republican | House | 48 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 05/13/2025 Committee recommended measure be held for further study
- 05/09/2025 Scheduled for hearing and/or consideration (05/13/2025)
- 02/26/2025 Introduced, referred to House Finance