summary
Introduced
03/29/2022
03/29/2022
In Committee
08/22/2022
08/22/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to real estate transfer fees and senior property tax relief in the city of Boston. Revenue. [Local Approval Received.]
AI Summary
This bill allows the city of Boston to impose a fee of up to 2% of the purchase price on real estate transfers, with some exemptions, in order to fund affordable housing programs and provide property tax relief for senior homeowners. The bill increases the income and asset limits for the senior property tax exemption, making more seniors eligible. The fees collected will be deposited into the city's Neighborhood Housing Trust and can be used for various housing-related purposes. The bill also requires the city to issue an annual report on the fee receipts and the use of funds.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
No further action taken (on 01/03/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H4637 |
| Bill | https://malegislature.gov/Bills/192/H4637.pdf |
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