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MA H3887

MA H3887
Facilitating housing for all


summary

Introduced
06/13/2019
In Committee
06/13/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a homelessness prevention and reduction fund to be funded by taxes on gross receipts of business entities. Revenue.

AI Summary

This bill establishes the Homelessness Prevention and Reduction Fund, to be funded by a 0.25% tax on the gross receipts of business entities in Massachusetts, with an exemption on the first $50 million of gross receipts. The revenue from this tax will be used to administer the fund, provide refunds for overpayments, and support programs that prevent and reduce homelessness, such as rental assistance, construction of housing units, and supportive services. The bill also requires annual reporting on the fund's revenues and appropriations, as well as audits by the state auditor to ensure the funds are being used as intended.

Committee Categories

Budget and Finance

Sponsors (17)

Last Action

Accompanied a study order, see H5031 (on 11/04/2020)

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