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 authorize cities and towns to impose a local affordable housing surcharge on certain real property. Revenue.
AI Summary
This bill would authorize cities and towns in Massachusetts to impose a local affordable housing surcharge on certain real property, up to 2% of the real estate tax levy. The surcharge revenue would be deposited into an affordable housing trust for the municipality. The bill outlines provisions for exemptions, collection, and revocation of the surcharge, as well as requirements for voter approval and adoption by the local government. The goal is to provide additional funding for affordable housing initiatives at the local level.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H5247 (on 09/26/2022)
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/H2986 |
| Bill | https://malegislature.gov/Bills/192/H2986.pdf |
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