Bill > H4516

This bill authorizes cities and towns in Massachusetts to impose a local affordable housing surcharge of up to 2% of the real estate tax levy on real property, subject to approval by the local appropriating authority and acceptance by voters. The surcharge revenue must be deposited into an affordable housing trust. The bill also provides various exemptions and abatements, such as for low-income or senior housing, and allows cities and towns to revoke or amend the surcharge rate once per year.