Bill > H2516

This bill proposes to establish a water infrastructure transaction surcharge, which is a small fee added to real estate sales. Specifically, it would impose a surcharge of ten cents for every thousand dollars of a real estate sale price. This revenue would be collected by registrars of deeds when a property sale is recorded or registered and then forwarded to the Massachusetts Clean Water Trust, an entity established to manage funds for clean water projects. The bill amends Chapter 29C of the general laws to include this new revenue source and renumbers existing provisions to accommodate the change.