Bill > H3049

This bill aims to increase community preservation revenue by amending Section 8 of Chapter 44B of the Massachusetts General Laws. The key provisions are: 1. Imposing an $80 surcharge on the fees paid for recording documents or instruments with the registers of deeds, with an additional $80 surcharge for each reference to a document or instrument attempting to assign, discharge, release, partially release, subordinate, or notice any other document or instrument. 2. Imposing a $40 surcharge on the fees paid for recording municipal lien certificates, with an additional $40 surcharge for each reference to a document or instrument attempting to assign, discharge, release, partially release, subordinate, or notice any other document or instrument. 3. Exempting declarations of homestead under Chapter 188 and the filing of subordinate mortgages extended by public agencies or quasi-public agencies from the surcharges. 4. Requiring all surcharges collected to be forwarded to the Massachusetts Community Preservation Trust Fund. 5. Providing a 120-day transition period before the new surcharge amounts take effect, during which the previous surcharge amounts will apply.

Budget and Finance

https://malegislature.gov/Bills/192/H3049