H3041
An Act encouraging home ownership by establishing a first time home buyers savings account
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to help first-time homebuyers in Massachusetts by creating a special savings account. It would allow individuals to contribute to this account and receive a deduction on their state income taxes for those contributions. The goal is to provide financial assistance and incentivize saving for a down payment on a home. The bill is currently being reviewed by the House Committee on Ways and Means.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Daniel Cahill
Cosponsors
Christopher Hendricks
Daniel Cahill
Jack Patrick Lewis
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