Taxation of Firsttime Buyers

SB 752 ends state taxes on home purchase paperwork for first-time, moderate-income buyers when they buy a primary home. A first-time buyer is someone who has not owned a home in the past three years. This lowers closing costs, making it easier to afford a first house and build stability. It could increase home sales and help younger families, but would reduce state revenue. Takes effect July 1, 2026.