S2367 — Allows an individual, who is a first-time homebuyer, to contribute funds to a first-time homebuyer savings account with Rhode Island housing to pay for eligible costs to purchase a home and receive tax deductions and exemptions.

S2367 — Allows an individual, who is a first-time homebuyer, to contribute funds to a first-time homebuyer savings account with Rhode Island housing to pay for eligible costs to purchase a home and receive tax deductions and exemptions. · Informed CitizenryThis legislation creates the 'First-Time Homebuyer Savings Account Act' to help make buying a first home more affordable for Rhode Island residents. Under this bill, an individual who qualifies as…Open in Informed Citizenry