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H3182 • 2025

An Act relative to a capital gains tax credit for first time homebuyers

An Act relative to a capital gains tax credit for first time homebuyers

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Christopher M. Markey
Last action
2026-04-02
Official status
Accompanied a study order, see H5318
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to a capital gains tax credit for first time homebuyers

An Act relative to a capital gains tax credit for first time homebuyers By Representative Markey of Dartmouth, a petition (accompanied by bill, House, No.

What This Bill Does

  • An Act relative to a capital gains tax credit for first time homebuyers By Representative Markey of Dartmouth, a petition (accompanied by bill, House, No.
  • 3182) of Christopher M.
  • Markey relative to a capital gains tax credit for first time homebuyers.
  • Revenue.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-04-02 House

    Accompanied a study order, see H5318

  2. 2026-02-25 House

    Reporting date extended to Wednesday, March 18, 2026

  3. 2025-12-18 House

    Reporting date extended to Friday, February 20, 2026

  4. 2025-09-04 Joint

    Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-2

  5. 2025-02-27 House

    Referred to the committee on Revenue

  6. 2025-02-27 Senate

    Senate concurred

Official Summary Text

An Act relative to a capital gains tax credit for first time homebuyers
By Representative Markey of Dartmouth, a petition (accompanied by bill, House, No. 3182) of Christopher M. Markey relative to a capital gains tax credit for first time homebuyers. Revenue.

Current Bill Text

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Bill H.3182

Section 1. As used in this section, the following words shall, unless the context clearly requires otherwise, have the following meanings:

“First-time homebuyer,” a Massachusetts resident who has not owned a home at any point in the last three years.

Section 2. Notwithstanding any general or special law to the contrary there shall be a refundable credit associated with first time homebuyers transferring capital investments into the down payment on a primary residency. The amount of the credit shall be valued at the cost of any capital gains tax owed or the value of the homebuyer’s down payment, whichever is lower.

Section 3. The liquidation of capital funds must occur within the 60 days prior to the transfer of the property.

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