Shown verbatim: the complete text as captured from the official source posted by the Massachusetts General Court, fetched 2026-07-15. Nothing is edited or removed. The official bill page.
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. “Closing Cost,” any expenses associated with a mortgage beyond the down payment, including appraisal fees, mortgage generation fees, bank fees, recording fees, inspection fees, attorney fees and escrow fees. Section 2: Notwithstanding any general or special law to the contrary there shall be a refundable credit associated with first time homebuyers valued at the cost of any additional closing costs accrued through the homebuying process.
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