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HOUSE DOCKET, NO. 2101 FILED ON: 1/15/2025
HOUSE . . . . . . . . . . . . . . . No. 3216
The Commonwealth of Massachusetts
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PRESENTED BY:
Orlando Ramos
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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 supporting home sales to first-time home buyers.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Orlando Ramos9th Hampden1/15/2025 1 of 1
HOUSE DOCKET, NO. 2101 FILED ON: 1/15/2025
HOUSE . . . . . . . . . . . . . . . No. 3216
By Representative Ramos of Springfield, a petition (accompanied by bill, House, No. 3216) of
Orlando Ramos relative to tax credits for home sales to first-time home buyers. 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 supporting home sales to first-time home buyers.
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 6 of chapter 62 of the General Laws is hereby amended by adding the following
2subsection:-
3 (jj) A taxpayer shall be allowed a credit against the taxes imposed by this chapter in an
4amount equal to 50 per cent of the capital gain income from the sale of a residential property to a
5first-time home buyer for use as their primary residence; provided, that the sale price of the
6property is less than $750,000; provided further, that the residential property contains 4 or fewer
7residential dwelling units; and provided further, that such credit shall not exceed $7,500 for a
8single person, married person filing a separate return, head of household or married persons
9filing jointly.