summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to further regulate expenditures for mortgages from the Community Preservation Trust Fund. Revenue.
AI Summary
This bill aims to sustain community preservation revenue by increasing surcharges on certain real estate transactions if the Massachusetts Community Preservation Trust Fund balance is insufficient to provide a 50% first-round match distribution to all cities and towns that have accepted the Community Preservation Act. The bill also expands the types of mortgage filings that are subject to the surcharge to include those from public agencies or quasi-public agencies, such as municipalities or the Massachusetts Housing Partnership. The Commissioner of Revenue is required to notify relevant parties of any surcharge changes at least 60 days in advance.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5043 (on 08/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2938 |
| Bill | https://malegislature.gov/Bills/192/H2938.pdf |
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