An Act supporting home sales to first-time home buyers
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 4/2/2026 | House | Accompanied a study order, see H5318↗ |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 9/4/2025 | Joint | Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-2 |
| 2/27/2025 | Senate | Senate concurred |
| 2/27/2025 | House | Referred to the committee on Revenue |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J26 | Accompanied | — |
of chapter 62 of the General Laws is hereby amended by adding the following subsection:- (jj) A taxpayer shall be allowed a credit against the taxes imposed by this chapter in an amount equal to 50 per cent of the capital gain income from the sale of a residential property to a first-time home buyer for use as their primary residence; provided, that the sale price of the property is less than $750,000; provided further, that the residential property contains 4 or fewer residential dwelling units; and provided further, that such credit shall not exceed $7,500 for a single person, married person filing a separate return, head of household or married persons filing jointly.
Section 6 of chapter 62 of the General Laws is hereby amended by adding the following subsection:- (jj) A taxpayer shall be allowed a credit against the taxes imposed by this chapter in an amount equal to 50 per cent of the capital gain income from the sale of a residential property to a first-time home buyer for use as their primary residence; provided, that the sale price of the property is less than $750,000; provided further, that the residential property contains 4 or fewer residential dwelling units; and provided further, that such credit shall not exceed $7,500 for a single person, married person filing a separate return, head of household or married persons filing jointly.