summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to authorize cities and towns to impose local excise taxes on certain property sales. Revenue.
AI Summary
This bill authorizes cities and towns in Massachusetts to impose a local excise tax of between 0.5% and 2% on the transfer of certain high-value real estate properties. The revenue generated from this tax would be directed to municipal affordable housing trust funds or community preservation funds. The bill provides exemptions for transfers to government entities and charitable organizations, and allows municipalities to establish additional exemptions. The bill also requires the city or town to issue a certificate indicating that the transfer fee has been paid or that the transfer is exempt, and the register of deeds cannot record the deed without this certificate.
Committee Categories
Budget and Finance
Sponsors (32)
Christine Barber (D),
Joseph Boncore (D),
Pete Capano (D),
Sonia Chang-Díaz (D),
Michelle Ciccolo (D),
Nick Collins (D),
Jo Comerford (D),
Mike Connolly (D),
Marjorie Decker (D),
Mindy Domb (D),
Jamie Eldridge (D),
Nika Elugardo (D),
Carlos González (D),
Tami Gouveia (D),
Natalie Higgins (D),
Russell Holmes (D),
Pat Jehlen (D),
Mary Keefe (D),
Kay Khan (D),
Jack Lewis (D),
Adrian Madaro (D),
Elizabeth Malia (D),
Liz Miranda (D),
Becca Rausch (D),
Dave Robertson (D),
Maria Robinson (D),
Dave Rogers (D),
Lindsay Sabadosa (D),
Jon Santiago (D),
José Tosado (D),
Chynah Tyler (D),
Bud Williams (D),
Last Action
Accompanied a study order, see H5040 (on 10/15/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2552 |
| Bill | https://malegislature.gov/Bills/191/H2552.pdf |
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