MA H4282

Bill

MA H4282

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

Introduced
12/09/2021

In Committee
03/10/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to authorizing the city of Cambridge to impose a real estate transfer fee. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the city of Cambridge to impose a 2% real estate transfer fee on the portion of the purchase price exceeding $1,000,000 for the transfer of real property interests in the city. The exempted portion of the purchase price will be increased annually based on the Consumer Price Index. The fee will be paid to the Middlesex South registry of deeds and transferred to the city's Affordable Housing Trust Fund, which will use the revenue for affordable housing purposes. The bill also outlines specific exemptions from the fee, such as transfers to government entities and transfers subject to long-term affordable housing restrictions.

Committee Categories

Budget and Finance

Sponsors (5)

Marjorie Decker (D)*, Mike Connolly (D), Sal DiDomenico (D), Steve Owens (D), Dave Rogers (D),

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/H4282

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H4282
Bill	https://malegislature.gov/Bills/192/H4282.pdf

Bill	Bill Name	Last Action	Type
H1526	Requiring the relocation of the Cambridge District Court	Accompanied a new draft, see H4502	Similar To
H2725	Relative to Group 2 retirement	Accompanied a study order, see H5319	Similar To
H3768	Authorizing the city of Cambridge to utilize certain land used for park, playground or recreation uses for general municipal purposes, including but not limited to school purposes, and for installation of subsurface geothermal wells in certain land used for park, playground or recreation uses	Amended by substitution of a bill with the same title, H3996	Similar To
H3939	Authorizing the city of Cambridge to include a ballot question on the November 2, 2021 municipal ballot relative to the home rule charter	Accompanied a study order, see H5026	Similar To
H4166	Authorizing the city of Cambridge to provide police, fire, emergency and other municipal services to certain properties in the city of Somerville and the city of Boston	Accompanied a study order, see H4933	Similar To
H4201	Authorizing the town of Nantucket to impose a real estate transfer fee for affordable and workforce housing	No further action taken	Similar To
H4567	Authorizing the town of Brookline to impose a real estate transfer fee	No further action taken	Similar To

Bill > H4282

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

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