Bill
Bill > H2894
MA H2894
Providing for climate change adaptation infrastructure and affordable housing investments in the Commonwealth
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to increase the deeds excise to fund emergency assistance needs of certain low income tenants and homeowners. Revenue.
AI Summary
This bill proposes to increase the deeds excise tax in Massachusetts to fund various trust funds. Specifically, the bill would increase the deeds excise tax by $2.28 per document, with the additional revenue being deposited into the Global Warming Solutions Trust Fund to support climate change adaptation efforts, the Affordable Housing Trust Fund, and the Housing Preservation and Stabilization Trust Fund. The bill also provides that for the first two years after passage, the Commonwealth may use the funds from the Affordable Housing Trust Fund and the Housing Preservation and Stabilization Trust Fund to provide emergency assistance to low-income tenants and homeowners impacted by the COVID-19 pandemic. The bill is intended to address climate change adaptation and affordable housing investments in the Commonwealth.
Committee Categories
Budget and Finance
Sponsors (33)
Sam Montaño (D)*,
James Arena-Derosa (D),
Christine Barber (D),
Michael Brady (D),
Pete Capano (D),
Gerry Cassidy (D),
Simon Cataldo (D),
Michelle Ciccolo (D),
Jo Comerford (D),
Mike Connolly (D),
Rob Consalvo (D),
John Cronin (D),
Manny Cruz (D),
Mindy Domb (D),
Lydia Edwards (D),
Jamie Eldridge (D),
Mike Finn (D),
Judith García (D),
Carmine Gentile (D),
Natalie Higgins (D),
Russell Holmes (D),
Vanna Howard (D),
Mary Keefe (D),
David LeBoeuf (D),
Jack Lewis (D),
Jason Lewis (D),
Steve Owens (D),
Ted Philips (D),
Dave Robertson (D),
Lindsay Sabadosa (D),
Margaret Scarsdale (D),
Dan Sena (D),
Tommy Vitolo (D),
Last Action
Accompanied a study order, see H5045 (on 09/12/2024)
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/193/H2894 |
| BillText | https://malegislature.gov/Bills/193/H2894.pdf |
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