S 2001·MA·senate
An Act establishing the Massachusetts downsizing tax credit
Reported by CommitteeFiled Feb 27, 2025
Sponsor: Paul Feeney (D)
Latest Action
Bill reported favorably by committee and referred to the committee on House Ways and Means
Jul 2, 2026
Summary
The bill adds a new provision to Massachusetts tax law that gives eligible individuals a credit of up to $10,000 when they move their primary home to a dwelling that is at least 50% smaller in square footage. It targets owners who relocate within the state and aims to encourage downsizing. The credit is intended to provide financial relief for those reducing their housing size.
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