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 3 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting at the end thereof the following:- D. In determining taxable income for the 4 per cent surtax required by Article 44 of Amendments of the Constitution, income derived from the sale of a primary residence shall be exempt, unless the gain is equal to or greater than two and a half million dollars. The term “primary residence” shall mean a principal home or domicile occupied by a household member not less than 9 months prior to the date of sale of the primary residence. The exemption in this part shall be in addition to any other exemption provided for in this section.
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