An Act relative to a first-time homebuyer tax credit
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill proposes a tax credit for first-time homebuyers in Massachusetts. The credit is intended to help individuals and families purchase their first homes by providing financial assistance. The specific amount of the credit and eligibility requirements are outlined in the full text of the bill. It is currently under consideration by the Revenue Committee.
Key provisions
- Provides a tax credit to first-time homebuyers.
- Eligibility requirements for first-time homebuyers are not detailed here.
- The bill was referred to the Revenue Committee.
- A study order (H5318) accompanies the bill.
Who is affected
- First-time homebuyers
- Massachusetts residents
- Individuals and families purchasing their first home
Notable changes
- The bill proposes a new tax credit mechanism.
- It is associated with similar bills concerning homeownership incentives.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
Arguments
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