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Bill > S2924
MA S2924
MA S2924Providing for climate change adaptation infrastructure and affordable housing investments in the Commonwealth
summary
Introduced
09/24/2020
09/24/2020
In Committee
10/08/2020
10/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to the imposition of an excise tax to provide for climate change adaptation infrastructure and affordable housing investments in the Commonwealth. Revenue.
AI Summary
This bill imposes an excise tax on the transfer of real estate, with the revenue from the additional fees being directed to the Global Warming Solutions Trust Fund (50%), the Affordable Housing Trust Fund (30%), and the Housing Preservation and Stabilization Trust Fund (20%). The bill provides funding for climate change adaptation infrastructure, affordable housing investments, and housing preservation and stabilization efforts in the Commonwealth of Massachusetts. The bill will take effect on January 1, 2021.
Committee Categories
Budget and Finance
Sponsors (6)
Jamie Eldridge (D)*,
Jo Comerford (D),
Nika Elugardo (D),
David LeBoeuf (D),
Jack Lewis (D),
Dave Rogers (D),
Last Action
Accompanied a study order, see H5198 (on 12/16/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S2924 | 10/16/2020 |
| Bill | https://malegislature.gov/Bills/191/S2924.pdf | 10/16/2020 |
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