MA H2423

Bill

Authorizing the city of Somerville to impose a real estate transfer fee

Introduced
01/22/2019

In Committee
06/24/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

That the city of Somerville be authorized to impose a real estate transfer fee on certain real estate transactions in said city. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the city of Somerville to impose a real estate transfer fee of up to 2% of the purchase price on certain real estate transactions in the city. The fee is split evenly between the seller and the purchaser, with some exemptions for vulnerable seniors, taxpayers approved for a residential property tax exemption, and purchasers who intend to seek a residential exemption. The revenue from the fee is required to be deposited into the Somerville Affordable Housing Trust Fund and used to fund affordable housing programs in the city. The city is authorized to adopt additional requirements, exemptions, and regulations to implement and enforce the fee, and is required to issue an annual report on the fee receipts and the impact of the affordable housing programs funded by the revenue.

Committee Categories

Budget and Finance

Sponsors (4)

Christine Barber (D), Mike Connolly (D), Pat Jehlen (D), Denise Provost (D),

Last Action

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 06/24/2020)

Official Document

https://malegislature.gov/Bills/191/H2423

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H2423
Bill	https://malegislature.gov/Bills/191/H2423.pdf

Bill	Bill Name	Last Action	Type
H2350	Authorizing the Somerville Retirement Board to divest from fossil fuel companies	Accompanied a study order, see H4722	Similar To
H3637	Authorizing the town of Nantucket to impose a real estate transfer fee for affordable and workforce housing	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H3641	Granting the city of Somerville the authority to require the adoption of institutional master plans subject to the review and approval by the municipality	Read second and ordered to a third reading	Similar To
H3645	Authorizing the city of Somerville to impose impact fees for any development project for the purposes of funding the Green Line extension	Discharged to the committee on House Ways and Means	Similar To
H3856	Granting the City of Somerville the authority to provide legal voting rights in municipal elections for City of Somerville residents aged 16 and 17 years old	Accompanied a study order, see H4403	Similar To
S2307	Authorizing the City Council of the city of Somerville to appoint a clerk of committees and assistant clerks of committees	Signed by the Governor, Chapter 79 of the Acts of 2020	Similar To
S2369	Relative to the terms for members of the city of Somerville's Zoning Board of Appeals	Read; and referred to the committee on House Steering, Policy and Scheduling	Similar To
S2421	Further defining the purposes of the affordable housing trust in the city of Somerville	Read; and referred to the committee on House Steering, Policy and Scheduling	Similar To

Bill > H2423

MA H2423

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

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