A00046
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
128
Session of
2019
INTRODUCED BY BROWN, BIZZARRO, A. DAVIS, HILL-EVANS, QUINN,
FLYNN, BARRAR, READSHAW, MACKENZIE, OBERLANDER, EMRICK,
SCHLOSSBERG, LONGIETTI, FREEMAN, KINSEY, BERNSTINE, MULLINS,
McNEILL, T. DAVIS, RADER, DAVIDSON, OWLETT, HELM, ZIMMERMAN,
STRUZZI, IRVIN, GOODMAN, KAUFER, POLINCHOCK, SAINATO,
RAVENSTAHL, DEASY, CIRESI, SIMMONS, KORTZ, NEILSON, TOOHIL
AND WARREN, JANUARY 28, 2019
REFERRED TO COMMITTEE ON URBAN AFFAIRS, JANUARY 28, 2019
AN ACT
Providing for the establishment of first-time home buyer savings
accounts for first-time home buyers in this Commonwealth.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Pennsylvania
First-Time Home Buyer Savings Account Act.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Account holder." An individual who establishes,
individually or jointly, a first-time home buyer savings
account.
"Allowable closing costs." A disbursement listed on a
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