Relating To The Individual Housing Account Program.

Where it is in the process

Plain-English Summary

For taxable years beginning 1/1/2027, (1) increases the maximum annual and total allowable deduction for contributions to individual housing accounts for income tax deductions and (2) increases the maximum allowable contributions for individual housing accounts to qualify for the income tax deductions. Repeals outdated language applicable to first-time home purchases made before 1/1/1990, by persons with an individual housing account. Effective 7/1/3000. (HD1)

Source: OpenStates · fetched April 24, 2026

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