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MA H3182

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 who sell capital investments to fund a down payment on a primary residence
  • Defines "first-time homebuyer" as a Massachusetts resident who has not owned a home in the last three years
  • Credit amount equals the lesser of the capital gains tax owed or the value of the down payment
  • Requires capital investments to be liquidated within 60 days prior to the property transfer to qualify

Legislative Description

Relative to a capital gains tax credit for first time homebuyers

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