An Act relative to affordable housing and environmental adaptation dollars
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to create a new excise tax in Massachusetts to fund two key areas: climate change adaptation infrastructure and affordable housing investments. The revenue generated from this tax would be specifically allocated to projects designed to help the state prepare for the impacts of climate change, such as rising sea levels and extreme weather events. Simultaneously, the funds would support initiatives aimed at increasing the availability of affordable housing throughout the Commonwealth. The bill is similar to previous proposals regarding these same goals.
Key provisions
- Imposes an excise tax to generate revenue.
- Designates revenue for climate change adaptation infrastructure.
- Directs revenue for affordable housing investments.
- Aims to address climate change impacts and housing shortages.
- Similar to previous legislation on the topic.
- Revenue generated will be used for both adaptation and housing.
Who is affected
- Massachusetts residents
- Developers of affordable housing
- Climate adaptation project stakeholders
- Individuals seeking affordable housing
- The Commonwealth of Massachusetts
Notable changes
- Introduces a new tax mechanism for funding climate and housing initiatives.
- Combines climate adaptation and affordable housing investments under a single funding stream.
Bill text
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Sponsors
Official sponsors from legislative records.
10 on record
Primary sponsor
James B. Eldridge
Cosponsors
James B. Eldridge
James K. Hawkins
Arguments
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