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Bill > S1853


MA S1853

Providing for climate change adaptation infrastructure and affordable housing investments in the Commonwealth


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 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 proposes to amend Chapter 64D of the Massachusetts General Laws to impose additional fees on real estate transactions. The additional fees would be deposited into the Global Warming Solutions Trust Fund, the Affordable Housing Trust Fund, and the Housing Preservation and Stabilization Trust Fund, to provide funding for climate change adaptation infrastructure and affordable housing investments in the Commonwealth. The bill also includes a temporary provision allowing the use of funds from the Affordable Housing Trust Fund and the Housing Preservation and Stabilization Trust Fund to meet emergency assistance needs of low-income tenants and homeowners during the COVID-19 pandemic.

Committee Categories

Budget and Finance

Sponsors (21)

Last Action

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

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