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S 2002 Massachusetts Senate · 194th Legislature (2025-2026)

An Act encouraging home ownership by establishing a first time home buyers savings account

Summary
By Mr. Fernandes, a petition (accompanied by bill, Senate, No. 2002) of Dylan A. Fernandes relative to the establishment of first-time homebuyer savings accounts and providing for an income tax deduction for certain amounts contributed to such accounts. Revenue.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill provides income tax deduction for first-time homebuyer savings accounts, offering tax relief to middle-income households per tax policy indicators.95% confidence ✓ HousingSupports HousingCreates tax-deductible savings accounts for first-time homebuyers, lowering barriers to home ownership and promoting housing access.85% confidence
Bill status passed 3 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Jul 2026
House Passage
Feb 2025
Governor
Introduced Feb 27, 2025 Last action Jul 2, 2026
Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
5
Key actions
2
Committee
2
Jul 2, 2026
Lower · Passed
Bill reported favorably by committee and referred to the committee on House Ways and Means
lower
Feb 27, 2025
Lower · Passed
House concurred
lower
Feb 27, 2025
Committee
Referred to the committee on Revenue
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Dylan Fernandes
Dylan Fernandes
DDemocratic
MA
Plymouth and Barnstable
Co
Photo of Julian Cyr
Julian Cyr
DDemocratic
MA
Cape and Islands