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MA H3180

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Christopher Markey

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Creates a refundable tax credit for first-time homebuyers to cover closing costs incurred during the home purchase process
  • Defines "first-time homebuyer" as a Massachusetts resident who has not owned a home in the last three years
  • Eligible closing costs include appraisal fees, mortgage generation fees, bank fees, recording fees, inspection fees, attorney fees, and escrow fees
  • Credit amount equals the total closing costs paid, excluding the down payment
  • Filed by Representative Christopher M. Markey (9th Bristol) on January 17, 2025 and referred to the Revenue Committee

Legislative Description

Relative to a first-time homebuyer tax credit

Last Action

Reporting date extended to Wednesday, March 18, 2026

2/25/2026

Committee Referrals

Revenue2/27/2025

Full Bill Text

No bill text available