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 further regulate the value of real estate transactions. Revenue.
AI Summary
This bill proposes to amend Chapter 59 of the General Laws by adding a new Section 5O. The new section states that for the purposes of taxation, a trustee of a trust must pay to the city or town the amount of the real property tax on any disposition of a real property interest that is less than its fair cash valuation, based on the assessed fair cash valuation of the property according to Section 38. This change aims to ensure that real estate transactions are properly valued for tax purposes.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4725 (on 06/17/2024)
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/H2764 |
| BillText | https://malegislature.gov/Bills/193/H2764.pdf |
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