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Bill > H2855


MA H2855

Facilitating housing for all


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 establish a homelessness prevention and reduction fund to be funded by taxes on gross receipts of business entities. Revenue.

AI Summary

This bill establishes the Homelessness Prevention and Housing For All Fund, which will be funded by a 0.25% tax on the gross receipts of business entities in Massachusetts, excluding the first $50 million of gross receipts. The fund will be used to administer the tax, provide refunds, and finance various programs aimed at preventing and reducing homelessness, including rental assistance, housing construction and rehabilitation, and supportive services. The bill also requires annual reporting on the fund's revenues and appropriations, with oversight from the state auditor. The bill takes effect on January 1, 2022.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Accompanied a study order, see H5043 (on 08/29/2022)

bill text


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