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HOUSE DOCKET, NO. 3296 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3182
The Commonwealth of Massachusetts
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PRESENTED BY:
Christopher M. Markey
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relative to a capital gains tax credit for first time homebuyers.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Christopher M. Markey9th Bristol1/17/2025 1 of 1
HOUSE DOCKET, NO. 3296 FILED ON: 1/17/2025
HOUSE . . . . . . . . . . . . . . . No. 3182
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.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act relative to a capital gains tax credit for first time homebuyers.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 Section 1. As used in this section, the following words shall, unless the context clearly
2requires otherwise, have the following meanings:
3 “First-time homebuyer,” a Massachusetts resident who has not owned a home at any
4point in the last three years.
5 Section 2. Notwithstanding any general or special law to the contrary there shall be a
6refundable credit associated with first time homebuyers transferring capital investments into the
7down payment on a primary residency. The amount of the credit shall be valued at the cost of
8any capital gains tax owed or the value of the homebuyer’s down payment, whichever is lower.
9 Section 3. The liquidation of capital funds must occur within the 60 days prior to the
10transfer of the property.