MA H2437

Bill

To properly value real estate transactions

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to further regulate the value of real estate transactions. Revenue.

AI Summary

This bill aims to properly value real estate transactions for taxation purposes. It proposes amending Chapter 59 of the General Laws to require trustees of a trust to pay the real property tax on any real property disposition that is less than its fair cash valuation, based on the assessed fair cash valuation of the property. This is intended to ensure that real estate transactions are properly valued for taxation by the city or town.

Committee Categories

Budget and Finance

Sponsors (2)

Marjorie Decker (D), Jim Hawkins (D),

Last Action

Accompanied a study order, see H5128 (on 11/19/2020)

Official Document

https://malegislature.gov/Bills/191/H2437

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2437
Bill	https://malegislature.gov/Bills/191/H2437.pdf

Bill	Bill Name	Last Action	Type
H1769	Supporting affordable housing with a local option for a fee to be applied to certain real estate transactions	Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading	Similar To
H2416	Relative to ensuring fairness and equity in the assessment of the value of property	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H5128	Study Order - Revenue matters	Discharged to the committee on House Rules	Replaced by
S773	Supporting affordable housing with a local option for a fee to be applied to certain real estate transactions	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To

Bill > H2437

MA H2437

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary