MA H4582

Bill

Authorizing the City of Somerville to impose a real estate transfer fee

Introduced
06/07/2018

In Committee
06/07/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

That the city of Somerville be authorized to impose a real estate transfer fee on certain real estate transactions in said city. Revenue. [Local Approval Received.]

AI Summary

This bill authorizes the City of Somerville to impose a real estate transfer fee of up to 2% on certain real estate transactions in the city. The fee is split evenly between the seller and the purchaser, with some exemptions for vulnerable seniors, homeowners already receiving a residential property tax exemption, and purchasers who intend to seek a residential exemption. The revenue from the fees is required to be deposited into the Somerville Affordable Housing Trust Fund and used to fund affordable housing programs. The city is also required to issue an annual report on the fee receipts, the funded affordable housing programs, and the impact of those programs.

Committee Categories

Budget and Finance

Sponsors (4)

Christine Barber (D), Mike Connolly (D), Pat Jehlen (D), Denise Provost (D),

Last Action

Accompanied a new draft, see H4662 (on 06/27/2018)

Official Document

https://malegislature.gov/Bills/190/H4582

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/H4582
Bill	https://malegislature.gov/Bills/190/H4582.pdf

Bill	Bill Name	Last Action	Type
H2788	Granting the city of Somerville the authority to require the adoption of institutional master plans subject to the review and approval by the municipality	No further action taken	Similar To
H2794	Authorizing the town of Nantucket to impose a real estate transfer fee for affordable and workforce housing	Read second and ordered to a third reading	Similar To
H3882	Authorizing the city of Somerville to impose impact fees for any development project for the purposes of funding the Green Line Extension	No further action taken	Similar To
H4085	Increasing The Maximum Age To Be Eligible For Appointment As A Special Police Officer In The City Of Somerville	Signed by the Governor, Chapter 92 of the Acts of 2018	Similar To
H4662	Authorizing the City of Somerville to impose a real estate transfer fee	No further action taken	Replaced by
H4951	Requiring the appointment of additional members to the Somerville Redevelopment Authority	Signed by the Governor, Chapter 364 of the Acts of 2018	Similar To
S1139	Authorizing the City of Somerville to borrow funds to pay certain costs of the Green Line Extension	Signed by the Governor, Chapter 21 of the Acts of 2017	Similar To
S2664	Amending the charter of the city of Somerville	New draft substituted, see S2676	Similar To
S2676	Amending the charter of the city of Somerville	Signed by the Governor, Chapter 355 of the Acts of 2018	Similar To

Bill > H4582

MA H4582

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary