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MA H3216
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Orlando Ramos
Click for details
AI Summary
- Creates a state tax credit equal to 50% of capital gains from selling a residential property to a first-time home buyer who will use it as their primary residence
- Limits eligibility to properties sold for less than $750,000
- Restricts the credit to residential properties containing 4 or fewer dwelling units
- Caps the maximum credit at $7,500 regardless of filing status (single, married filing separately, head of household, or married filing jointly)
- Amends Section 6 of Chapter 62 of the Massachusetts General Laws by adding subsection (jj)
Legislative Description
Supporting home sales to first-time home buyers
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