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Bill

H 3180

An Act relative to a first-time homebuyer tax credit

194th Legislature (2025-2026) Introduced by Christopher Markey

Massachusetts would offer a tax credit to first-time homebuyers to reduce purchase costs and increase homeownership affordability in the state.

Hearing scheduled for 09/15/2025 from 01:00 PM-05:00 PM in A-2
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Bill Summary · H 3180

Legislative bill overview

H.3180 would establish a tax credit for first-time homebuyers in Massachusetts to help offset the costs of purchasing their first property. The bill aims to make homeownership more affordable by reducing the tax burden on eligible buyers during their initial purchase. This represents a direct financial incentive designed to increase homeownership rates among first-time buyers in the state.

Why is this important

Massachusetts has among the highest housing costs in the nation, pricing out many potential first-time homebuyers despite strong incomes. A tax credit could meaningfully reduce barriers to entry into homeownership, particularly for middle-income households struggling with down payments, closing costs, or other purchase-related expenses. The policy also has broader economic implications—increased homeownership can stimulate construction, support community stability, and boost state tax revenue from property-related transactions.

Potential points of contention

  • Cost to state budget: Tax credits represent foregone revenue; the fiscal impact on the state budget and whether it's properly offset or funded remains a key concern
  • Income and property value limits: Defining who qualifies (income thresholds, purchase price caps) will determine whether this helps middle-class buyers or becomes too broad/narrow
  • Effectiveness vs. root causes: Critics may argue that a tax credit addresses symptoms rather than underlying issues like housing supply, construction costs, and zoning restrictions that drive prices

Compiled from official sources — confirm details with the bill’s official record.

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