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. 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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