Exempts income from the sale of a primary residence from the 4% surtax if the gain is less than $2.5 million.

This bill amends the General Laws to exempt income from the sale of a primary residence from the 4% surtax if the gain is less than $2.5 million. A primary residence is defined as a home occupied by a household member for at least 9 months before the sale. This exemption applies in addition to any other exemptions provided.

Exempts income from the sale of a primary residence from the 4% surtax if the gain is less than $2.5 million.

This bill amends the General Laws to exempt income from the sale of a primary residence from the 4% surtax if the gain is less than $2.5 million. A primary residence is defined as a home occupied by a household member for at least 9 months before the sale. This exemption applies in addition to any other exemptions provided.