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Bill > H2895


MA H2895

MA H2895
Empowering cities and towns to impose a fee on home sales over one million dollars to support affordable housing


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to authorize cities and towns to impose a fee up to 2 per cent of the purchase price upon the transfer of certain real property. Revenue.

AI Summary

This bill would authorize cities and towns in Massachusetts to impose a fee of up to 2% of the purchase price on the transfer of certain real property, with the revenue generated from this fee to be used to support affordable housing initiatives. The bill does not provide the specific details of how the fee would be implemented or how the funds would be used for affordable housing, as the draft language is still being worked on by the House Counsel.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Accompanied a study order, see H5351 (on 10/13/2022)

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