An Act relative to a first-time homebuyer tax deduction
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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 deduction for first-time homebuyers in Massachusetts. It aims to encourage homeownership by providing financial assistance to individuals purchasing their first home. The specific details of the deduction, such as the amount and eligibility requirements, are outlined in the full text of the bill. The bill has been referred to the Revenue Committee and has undergone several reporting date extensions.
Key provisions
- Provides a tax deduction for first-time homebuyers.
- Eligibility requirements for being considered a ‘first-time homebuyer’ are not detailed.
- The bill has been subject to multiple reporting date extensions.
Who is affected
- First-time homebuyers in Massachusetts
- Taxpayers in Massachusetts
Notable changes
- This bill introduces a new tax incentive for first-time homebuyers.
- It is similar to previous bills (H.3919, H.2456, H.3180, H.3182, H.3216) that have proposed similar measures.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
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