MA H2638

Bill

Authorizing the town of Provincetown to impose a 0.5% real estate transfer fee

Introduced
01/23/2017

In Committee
01/23/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

That the town of Provincetown be authorized to impose a real estate transfer fee. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the town of Provincetown to impose a 0.5% real estate transfer fee on the purchase price of any real property interest transferred within the town. The fee is the liability of the purchaser, and the first $250,000 collected each fiscal year will be deposited into the town's Capital Improvement Stabilization Fund, while the remaining funds will be deposited into the town's General Fund. The bill also outlines several exemptions to the fee, including for first-time homebuyers, transfers to government entities, and transfers between family members. The fee is due at the time of the property transfer, and the town can collect interest on any unpaid amounts.

Committee Categories

Budget and Finance

Sponsors (2)

Sarah Peake (D)*, Julian Cyr (D),

Last Action

Accompanied a new draft, see H3859 (on 08/03/2017)

Official Document

https://malegislature.gov/Bills/190/H2638

(8 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H2638
Bill	https://malegislature.gov/Bills/190/H2638.pdf

Bill	Bill Name	Last Action	Type
H1537	Providing volunteer firefighters and emergency medical technicians with a local option real estate tax exemption	Accompanied S1536	Similar To
H1575	Relative to assessing administration	Accompanied a study order, see H4244	Similar To
H3859	Authorizing the town of Provincetown to impose a 0.5% real estate transfer fee	Read second and ordered to a third reading	Similar To
H4582	Authorizing the City of Somerville to impose a real estate transfer fee	Accompanied a new draft, see H4662	Similar To
H4662	Authorizing the City of Somerville to impose a real estate transfer fee	No further action taken	Similar To
H945	Removing the requirement to provide notice to the department of mental health of a license granted to a guardian to sell real estate	Accompanied a study order, see H4874	Similar To
S102	Relative to real estate document disclosure	Hearing scheduled for 10/03/2017 from 01:00 PM-04:00 PM in A-1	Similar To
S104	Providing consumers with equal protection for all real estate appraisals	New draft substituted, see S2246	Similar To

Bill > H2638

MA H2638

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary