Rhode Island · 2025 Regular Session · Bill
SB 415: 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
SB 415 is a bill introduced in the Rhode Island Senate 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: Pete Appollonio (Democratic), Elaine Morgan (Republican), Lou Raptakis (Democratic), Thomas Paolino (Republican). Most recent recorded action (February 26, 2025): 02/26/2025 Introduced, referred to Senate Finance.
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): Democratic 2 · Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Pete Appollonio | Primary sponsor | Democratic | Senate | 29 |
| Elaine Morgan | Primary sponsor | Republican | Senate | 34 |
| Lou Raptakis | Primary sponsor | Democratic | Senate | 33 |
| Thomas Paolino | Primary sponsor | Republican | Senate | 17 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 02/26/2025 Introduced, referred to Senate Finance