Georgia First-Time Homebuyer's Savings Account Act; enact

Summary

The bill lets individuals open a dedicated savings account for a first‑time home purchase and deduct contributions from state income tax, subject to limits. It requires annual reporting to the Department of Revenue but places most compliance duties on the account holder, not the bank. The goal is to encourage homeownership and wealth building for Georgia families.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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