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 authorize a local affordable housing surcharge. Revenue.
AI Summary
This bill authorizes a local affordable housing surcharge of up to 2% of the real estate tax levy on real property in any city or town that accepts the chapter. The surcharge revenue must be deposited into an affordable housing trust. The bill provides several optional exemptions that the local government can choose to adopt, such as for low-income or senior housing, commercial and industrial properties, and residential properties up to $100,000 in value. The surcharge can be revoked or amended by the local government, but the rate can only be changed once per 12-month period.
Committee Categories
Budget and Finance
Sponsors (1)
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/H2879 |
| BillText | https://malegislature.gov/Bills/193/H2879.pdf |
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