MA S2318

Bill

Establishing a real estate transfer fee upon the transfer of property in the town of Concord

Introduced
08/12/2019

In Committee
06/25/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to establish a real estate transfer fee upon the transfer of property in the town of Concord. Revenue. [Local Approval Received.]

AI Summary

This bill establishes a real estate transfer fee of 1% on the portion of the purchase price exceeding $600,000 for residential property transfers in the Town of Concord. The fee is the responsibility of the purchaser and the Town can define what constitutes a "controlling interest" and calculate the fee. The bill provides several exemptions, including transfers to government entities, affordable housing organizations, and between family members. The fee revenue will be deposited into the Concord Affordable Housing Trust Fund, and the Town must provide an annual report on the use of the funds. The bill requires town meeting approval and a majority voter approval at an election before taking effect.

Committee Categories

Budget and Finance

Sponsors (2)

Mike Barrett (D), Tami Gouveia (D),

Last Action

Read second and ordered to a third reading (on 07/11/2020)

Official Document

https://malegislature.gov/Bills/191/S2318

(13 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S2318
Bill	https://malegislature.gov/Bills/191/S2318.pdf

Bill	Bill Name	Last Action	Type
H2602	Providing for a certain real property tax exemption	Accompanied a study order, see H5080	Similar To
H3995	Authorizing the town of Winchester to establish a senior property tax exemption	Accompanied a new draft, see H4476	Similar To
H4009	Authorizing the town of Fairhaven to transfer an interest in certain park land	Signed by the Governor, Chapter 88 of the Acts of 2020	Similar To
H4178	Authorizing the transfer of care and control of certain parcels of land in the town of Bridgewater from the Department of Correction to the Department of Fire Services	Signed by the Governor, Chapter 177 of the Acts of 2020	Similar To
H4208	Authorizing the town of Truro to impose a 0.5% real estate transfer fee	Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling	Similar To
H4209	Expanding the exemption for residential property in the town of Truro	Signed by the Governor, Chapter 283 of the Acts of 2020	Similar To
S1763	Relative to clarifying property tax exemptions for solar and wind systems	Bill reported favorably by committee and referred to the committee on Senate Rules	Similar To
S1765	Granting property tax relief to seniors	Accompanied a study order, see S2549	Similar To
S1809	Relative to diverse marketing programs	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S2202	To dissolve the Newburyport Redevelopment Authority and transfer its lands to the city of Newburyport for permanent dedication for park and conservation purposes, with public parking not excluded, under Article 97 of the Massachusetts Constitution	Accompanied H3698	Similar To
S2243	Relative to the establishment of a Hingham means-tested property tax exemption	Accompanied a new draft, see S2525	Similar To
S2445	Repealing Chapter 46 of the Acts of Two Thousand and Seventeen, wherein certain parcels of land in the city of Lowell were transferred for the construction of a high school	New draft substituted, see S2636	Similar To
S644	Relative to vacated foreclosed residential property	Accompanied a study order, see S2543	Similar To

Bill

Bill Name

Last Action

Type

H2602

Providing for a certain real property tax exemption

Accompanied a study order, see H5080

Similar To

H3995

Authorizing the town of Winchester to establish a senior property tax exemption

Accompanied a new draft, see H4476

Similar To

H4009

Authorizing the town of Fairhaven to transfer an interest in certain park land

Signed by the Governor, Chapter 88 of the Acts of 2020

Similar To

H4178

Authorizing the transfer of care and control of certain parcels of land in the town of Bridgewater from the Department of Correction to the Department of Fire Services

Signed by the Governor, Chapter 177 of the Acts of 2020

Similar To

H4208

Authorizing the town of Truro to impose a 0.5% real estate transfer fee

Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling

Similar To

H4209

Expanding the exemption for residential property in the town of Truro

Signed by the Governor, Chapter 283 of the Acts of 2020

Similar To

S1763

Relative to clarifying property tax exemptions for solar and wind systems

Bill reported favorably by committee and referred to the committee on Senate Rules

Similar To

S1765

Granting property tax relief to seniors

Accompanied a study order, see S2549

Similar To

S1809

Relative to diverse marketing programs

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S2202

To dissolve the Newburyport Redevelopment Authority and transfer its lands to the city of Newburyport for permanent dedication for park and conservation purposes, with public parking not excluded, under Article 97 of the Massachusetts Constitution

Accompanied H3698

Similar To

S2243

Relative to the establishment of a Hingham means-tested property tax exemption

Accompanied a new draft, see S2525

Similar To

S2445

Repealing Chapter 46 of the Acts of Two Thousand and Seventeen, wherein certain parcels of land in the city of Lowell were transferred for the construction of a high school

New draft substituted, see S2636

Similar To

S644

Relative to vacated foreclosed residential property

Accompanied a study order, see S2543

Similar To

Bill > S2318

MA S2318

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

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bill summary

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