Massachusetts bill H3182 proposes a capital gains tax credit for first-time homebuyers.

Massachusetts bill H3182 introduces a refundable tax credit for first-time homebuyers who invest capital gains into their down payment. The credit is equal to the lesser of the capital gains tax owed or the down payment amount. The credit applies to Massachusetts residents who have not owned a home in the past three years. The capital gains must be liquidated within 60 days before the property transfer.

Massachusetts bill H3182 proposes a capital gains tax credit for first-time homebuyers.

Massachusetts bill H3182 introduces a refundable tax credit for first-time homebuyers who invest capital gains into their down payment. The credit is equal to the lesser of the capital gains tax owed or the down payment amount. The credit applies to Massachusetts residents who have not owned a home in the past three years. The capital gains must be liquidated within 60 days before the property transfer.