Bill > H3060

This bill establishes a comprehensive Housing First and Housing for All Fund aimed at preventing and reducing homelessness by implementing a new gross receipts tax on business entities. The fund will be financed through a 0.25% tax on business gross receipts above $50 million, with revenues dedicated to various housing support programs. These programs include helping homeless individuals and families secure permanent housing, providing rental subsidies, supporting emergency and permanent housing construction, offering supportive services, protecting low-income households, providing financial and legal assistance, supporting mental health services, and investing in community land trusts and affordable housing initiatives. The bill requires annual reporting by the revenue commissioner and state auditor to track fund usage, ensuring transparency and accountability. Starting in 2028, the state auditor will assess whether the fund's appropriations are maintaining or exceeding previous housing support funding levels. The tax and fund will officially launch on January 1, 2026, with the goal of comprehensively addressing housing insecurity and creating more accessible housing opportunities across Massachusetts.

Budget and Finance

https://malegislature.gov/Bills/194/H3060