Bill > H3211

This bill modifies the existing laws regarding deeds excise receipts (taxes paid when property ownership is transferred) for specific counties in Massachusetts. Under the proposed legislation, five counties (Bristol, Dukes, Nantucket, Norfolk, and Plymouth) will be allowed to retain an additional 20% of deeds excise receipts starting July 1, 2025, while Barnstable County will be permitted to retain an additional 7.5% of such receipts during the same period. These additional funds will be deposited into each county's General Fund and can be used for county operational and maintenance costs or held for future use. The bill represents a change in how counties can utilize revenue from property transfers, potentially providing these local governments with more financial flexibility. The legislation would take effect immediately upon passage, and it allows counties to keep a larger percentage of the tax receipts generated from property deed transfers beyond what they are currently permitted to retain.

Budget and Finance

https://malegislature.gov/Bills/194/H3211