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Bill > S1504

MA S1504

To sustain community preservation revenue

summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to sustain community preservation revenue. Revenue.

AI Summary

This bill aims to sustain community preservation revenue in Massachusetts. It requires the Commissioner of Revenue to determine if the Massachusetts Community Preservation Trust Fund balance is sufficient to support a 50% first-round match distribution to all cities and towns that have accepted the relevant sections of Chapter 44B of the General Laws. If the balance is insufficient, the bill directs the Commissioner to increase the surcharges pursuant to Section 8 of Chapter 44B to ensure a 50% first-round match. Additionally, the bill amends Chapter 44B to include the filing of subordinate mortgages extended by public agencies or quasi-public agencies, such as municipalities or the Massachusetts Housing Partnership, as subject to the community preservation surcharges.

Committee Categories

Budget and Finance

Sponsors (51)

Mike Barrett (D),  Joseph Boncore (D),  Michael Brady (D),  Will Brownsberger (D),  Thomas Calter (D),  James Cantwell (D),  Harriette Chandler (D),  Mike Connolly (D),  Cynthia Creem (D),  William Crocker (R),  Julian Cyr (D),  Angelo D'Emilia (R),  Marjorie Decker (D),  Viriato deMacedo (R),  Sal DiDomenico (D),  Kenneth Donnelly (D),  Jamie Eldridge (D),  Tricia Farley-Bouvier (D),  Dylan Fernandes (D),  Colleen Garry (D),  Carmine Gentile (D),  Anne Gobi (D),  Danielle Gregoire (D),  Pat Jehlen (D),  Jay Kaufman (D),  John Keenan (D),  Kay Khan (D),  Stephen Kulik (D),  Barbara L'Italien (D),  John Lawn (D),  Eric Lesser (D),  Jack Lewis (D),  Jason Lewis (D),  Elizabeth Malia (D),  Christopher Markey (D),  Thomas McGee (D),  Mike Moore (D),  Patrick O'Connor (R),  Kathleen O'Connor Ives (D),  Marc Pacheco (D),  Alice Peisch (D),  Denise Provost (D),  Michael Rodrigues (D),  John Rogers (D),  Mike Rush (D),  Danny Ryan (D),  Paul Schmid (D),  John Scibak (D),  Todd Smola (R),  James Timilty (D),  James Welch (D), 

Last Action

Accompanied a new draft, see H3662 (on 05/04/2017)
(8 Companion Bills)

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/190/S1504
Bill https://malegislature.gov/Bills/190/S1504.pdf
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