SB 1672: Tax Credits for Contributions to Assist Homebuyers

GENERAL BILL by McClain; (CO-INTRODUCERS) Arrington

Tax Credits for Contributions to Assist Homebuyers; Authorizing certain taxpayers to receive a tax credit for contributions made to certain employees for specified expenses related to buying a home; providing a maximum credit authorized in certain circumstances; authorizing a taxpayer to receive a tax credit for contributions made to certain programs; authorizing the taxpayer to submit an application for the tax credit; authorizing the tax credit to be used against certain taxes; requiring the Department of Revenue to approve applications on a first-come, first-served basis, etc.

Current Bill Version Posted: 1/9/2026 02:45 PM

• Senate Committee References (3)

  1. Finance and Tax (FT)
  2. Commerce and Tourism (CM)
  3. Appropriations (AP)

• Related Bills (2)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 311 (c1) by Ways & Means Committee Tax Credits for Contributions to Assist Homebuyers Last Action: 2/25/2026 H Added to Second Reading Calendar	Compare
  H 7031 by Ways & Means Committee Taxation Last Action: 3/2/2026 H Bill added to Special Order Calendar (3/5/2026)	Compare

• Analyses (2)

  Links in this section are PDF documents.

  • Commerce and Tourism (Pre-Meeting)   1/27/2026
  • Commerce and Tourism (Post-Meeting)   1/28/2026

• Committee Votes (1)

  Links in this section are PDF documents.

  Date	Version	Committee	Result
  1/28/2026 10:30 AM	S 1672	Commerce and Tourism	9 Yeas - 0 Nays

• Citations - Statute (1)

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  212.1836

  Page 1 (pdf)

• Bill History

  S = Senate, H = House

  1/9/2026	S	• Filed
  1/16/2026	S	• Referred to Commerce and Tourism; Finance and Tax; Appropriations
  1/22/2026	S	• Introduced
  1/23/2026	S	• On Committee agenda-- Commerce and Tourism, 01/28/26, 10:30 am, 110 Senate Building
  1/28/2026	S	• Favorable by Commerce and Tourism; YEAS 9 NAYS 0 • Now in Finance and Tax