S1971
An Act creating a graduated deed excise tax for affordable housing
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill proposes a new tax on property transfers in Massachusetts, specifically designed to encourage the development of affordable housing. The tax would be ‘graduated,’ meaning the rate would increase as the property’s value increases. The goal is to generate revenue to support affordable housing initiatives and make homeownership more accessible. It builds upon existing efforts to promote affordable housing through related legislation.
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