Bill > H3942

This bill aims to restore equity in the allocation of deeds excise receipts. It amends Chapter 64D of the General Laws to allow Bristol, Dukes, Nantucket, Norfolk, and Plymouth counties to retain 10% of all deeds excise receipts received on or after July 1, 2018, in addition to the amounts they already retain. The bill also increases the retention rate for these counties to 15% of all deeds excise receipts received on or after July 1, 2019. Additionally, it allows Barnstable County to retain 1% of all deeds excise receipts received on or after July 1, 2019. The bill also requires registers of deeds in counties with a regional council of governments to transmit a portion of the 10% or 15% retained deeds excise receipts to the treasury of the regional council based on the property valuation of the member cities and towns within the county. Sections 2 and 4 of the bill take effect on July 1, 2019, while the rest of the bill takes effect upon passage.

Budget and Finance

https://malegislature.gov/Bills/191/H3942