MA S2437

Bill

Establishing a real estate transfer fee upon the transfer of property in the town of Concord

Introduced
04/22/2021

In Committee
02/17/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish a real estate transfer fee upon the transfer of property in the town of Concord. Revenue. [Local approval received]

AI Summary

This bill establishes a 1% real estate transfer fee on the portion of the purchase price exceeding $600,000 for residential property transfers in the town of Concord, Massachusetts. The fee is the liability of the purchaser and the revenue collected will be deposited into the Concord Affordable Housing Trust Fund. The bill provides several exemptions, such as for transfers to government entities, affordable housing, charitable organizations, and between family members. The town can implement additional requirements, exemptions, and regulations to enforce the fee. The bill requires the town to prepare an annual report on the fee receipts and the affordable housing programs funded. Acceptance of the bill by the town requires approval at a town meeting and a majority vote in a local election.

Committee Categories

Budget and Finance

Sponsors (2)

Mike Barrett (D)*, Tami Gouveia (D),

Last Action

Read second and ordered to a third reading (on 03/10/2022)

Official Document

https://malegislature.gov/Bills/192/S2437

(34 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/S2437
Bill	https://malegislature.gov/Bills/192/S2437.pdf

Bill	Bill Name	Last Action	Type
H1508	Relative to escheat	No further action taken	Similar To
H2921	Relative to tax abatement for permanently disabled veterans	No further action taken	Similar To
H3712	To grant additional liquor licenses for the sale of wines and malt beverages to be drunk on the premises in Concord	Signed by the Governor, Chapter 7 of the Acts of 2022	Similar To
H3719	Allowing 17 year olds to vote in town elections and town meetings	Accompanied a study order, see H5026	Similar To
H3731	To make permanent a senior means tested property tax exemption in Concord	Signed by the Governor, Chapter 193 of the Acts of 2022	Similar To
H3766	Authorizing the city of Melrose to establish a means tested senior citizen property tax exemption	Signed by the Governor, Chapter 100 of the Acts of 2022	Similar To
H3767	Authorizing the city of Melrose to regulate certain property tax exemption eligibility requirements for the elderly	Signed by the Governor, Chapter 390 of the Acts of 2022	Similar To
H3870	Authorizing the Commonwealth of Massachusetts to convey a certain parcel of land to the Claremont Realty Trust in the city of Framingham	Accompanied a new draft, see H4125	Similar To
H3901	Authorizing the town of Mendon to establish a means-tested senior citizen property tax exemption	Signed by the Governor, Chapter 241 of the Acts of 2022	Similar To
H3938	Authorizing the city of Somerville to impose a real estate transfer fee	No further action taken	Similar To
H3989	To give the town of Leicester authority to grant full annual property tax exemptions to the surviving spouse of Rutland Police Detective and Leicester resident John D. Songy	Signed by the Governor, Chapter 225 of the Acts of 2022	Similar To
H4060	Establishing a real property transfer fee in the town of Chatham	No further action taken	Similar To
H4107	Authorizing the town of Lincoln to establish a means tested senior citizen property tax exemption program	Read second and ordered to a third reading	Similar To
H4979	Authorizing the Department of Conservation and Recreation and the Division of Capital Asset Management and Maintenance to transfer an easement in certain property and the fee in certain properties to the city of Revere all for municipal purposes	Signed by the Governor, Chapter 151 of the Acts of 2022	Similar To
H5019	Authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens	Signed by the Governor, Chapter 190 of the Acts of 2022	Similar To
H5049	Authorizing the transfer of Martha's Vineyard Land Bank Commission Land in Oak Bluffs	Signed by the Governor, Chapter 152 of the Acts of 2022	Similar To
H5153	Similar Bills	Text of an amendment, see S3064	Similar To
H915	Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton	New draft substituted, see H4250	Similar To
S1357	Authorizing the town of Westport to convey a non-exclusive access easement in a portion of town property at 493 Old County Road to benefit 497 Old County Road	Signed by the Governor, Chapter 58 of the Acts of 2022	Similar To
S1802	Relative to providing better notices and protections in the process for collecting delinquent property taxes	Accompanied a study order, see H5247	Similar To
S1844	Relative to tax abatements for deaf residents	Accompanied a study order, see S2743	Similar To
S1845	Relative to senior citizen property tax credits	Accompanied a study order, see H5247	Similar To
S1916	Authorizing the establishment of a mean tested senior citizen property tax exemption	Accompanied H2915	Similar To
S193	Relative to partial payments	Accompanied a new draft, see S2569	Similar To
S1975	Granting property tax relief to seniors	Accompanied a study order, see S2743	Similar To
S2438	Establishing a building permit surcharge in the town of Concord	Read second and ordered to a third reading	Similar To
S2505	Authorizing the town of Wareham to assess certain solar or wind systems as personal property	Read second and ordered to a third reading	Similar To
S2512	Authorizing the town of Andover to establish a means tested senior citizen property tax exemption	Signed by the Governor, Chapter 210 of the Acts of 2022	Similar To
S2988	Relative to forfeiture reform	No further action taken	Similar To
S724	Relative to vacated foreclosed residential property	Accompanied a study order, see S2699	Similar To
S767	Relative to fiduciary responsibility	Accompanied a study order, see S2800	Similar To
S877	Requiring the disclosure of services covered by condominium fees and property taxes	Accompanied a study order, see H5276	Similar To
S881	Relative to full disclosure of fees	Accompanied a study order, see H5276	Similar To
S967	Relative to the elective share of surviving spouses	Accompanied a study order, see S2665	Similar To

Bill

Bill Name

Last Action

Type

H1508

Relative to escheat

No further action taken

Similar To

H2921

Relative to tax abatement for permanently disabled veterans

No further action taken

Similar To

H3712

To grant additional liquor licenses for the sale of wines and malt beverages to be drunk on the premises in Concord

Signed by the Governor, Chapter 7 of the Acts of 2022

Similar To

H3719

Allowing 17 year olds to vote in town elections and town meetings

Accompanied a study order, see H5026

Similar To

H3731

To make permanent a senior means tested property tax exemption in Concord

Signed by the Governor, Chapter 193 of the Acts of 2022

Similar To

H3766

Authorizing the city of Melrose to establish a means tested senior citizen property tax exemption

Signed by the Governor, Chapter 100 of the Acts of 2022

Similar To

H3767

Authorizing the city of Melrose to regulate certain property tax exemption eligibility requirements for the elderly

Signed by the Governor, Chapter 390 of the Acts of 2022

Similar To

H3870

Authorizing the Commonwealth of Massachusetts to convey a certain parcel of land to the Claremont Realty Trust in the city of Framingham

Accompanied a new draft, see H4125

Similar To

H3901

Authorizing the town of Mendon to establish a means-tested senior citizen property tax exemption

Signed by the Governor, Chapter 241 of the Acts of 2022

Similar To

H3938

Authorizing the city of Somerville to impose a real estate transfer fee

No further action taken

Similar To

H3989

To give the town of Leicester authority to grant full annual property tax exemptions to the surviving spouse of Rutland Police Detective and Leicester resident John D. Songy

Signed by the Governor, Chapter 225 of the Acts of 2022

Similar To

H4060

Establishing a real property transfer fee in the town of Chatham

No further action taken

Similar To

H4107

Authorizing the town of Lincoln to establish a means tested senior citizen property tax exemption program

Read second and ordered to a third reading

Similar To

H4979

Authorizing the Department of Conservation and Recreation and the Division of Capital Asset Management and Maintenance to transfer an easement in certain property and the fee in certain properties to the city of Revere all for municipal purposes

Signed by the Governor, Chapter 151 of the Acts of 2022

Similar To

H5019

Authorizing the town of Harvard to establish a cap on property taxes for means tested senior citizens

Signed by the Governor, Chapter 190 of the Acts of 2022

Similar To

H5049

Authorizing the transfer of Martha's Vineyard Land Bank Commission Land in Oak Bluffs

Signed by the Governor, Chapter 152 of the Acts of 2022

Similar To

H5153

Similar Bills

Text of an amendment, see S3064

Similar To

H915

Authorizing the Massachusetts Water Resources Authority to release easements upon certain real property in the town of Canton

New draft substituted, see H4250

Similar To

S1357

Authorizing the town of Westport to convey a non-exclusive access easement in a portion of town property at 493 Old County Road to benefit 497 Old County Road

Signed by the Governor, Chapter 58 of the Acts of 2022

Similar To

S1802

Relative to providing better notices and protections in the process for collecting delinquent property taxes

Accompanied a study order, see H5247

Similar To

S1844

Relative to tax abatements for deaf residents

Accompanied a study order, see S2743

Similar To

S1845

Relative to senior citizen property tax credits

Accompanied a study order, see H5247

Similar To

S1916

Authorizing the establishment of a mean tested senior citizen property tax exemption

Accompanied H2915

Similar To

S193

Relative to partial payments

Accompanied a new draft, see S2569

Similar To

S1975

Granting property tax relief to seniors

Accompanied a study order, see S2743

Similar To

S2438

Establishing a building permit surcharge in the town of Concord

Read second and ordered to a third reading

Similar To

S2505

Authorizing the town of Wareham to assess certain solar or wind systems as personal property

Read second and ordered to a third reading

Similar To

S2512

Authorizing the town of Andover to establish a means tested senior citizen property tax exemption

Signed by the Governor, Chapter 210 of the Acts of 2022

Similar To

S2988

Relative to forfeiture reform

No further action taken

Similar To

S724

Relative to vacated foreclosed residential property

Accompanied a study order, see S2699

Similar To

S767

Relative to fiduciary responsibility

Accompanied a study order, see S2800

Similar To

S877

Requiring the disclosure of services covered by condominium fees and property taxes

Accompanied a study order, see H5276

Similar To

S881

Relative to full disclosure of fees

Accompanied a study order, see H5276

Similar To

S967

Relative to the elective share of surviving spouses

Accompanied a study order, see S2665

Similar To

Bill > S2437

MA S2437

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary