H3903
An Act authorizing the town of Nantucket to impose a real estate transfer fee for affordable and workforce housing and related capital improvements
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the town of Nantucket to collect a real estate transfer fee when affordable and workforce housing is sold. The revenue generated from this fee will be used to fund related capital improvements for these types of housing projects. The goal is to provide additional resources for building and maintaining affordable housing options in Nantucket. This legislation requires local approval from the town of Nantucket.
Key provisions
- Authorizes Nantucket to impose a real estate transfer fee.
- Specifies that the fee applies to affordable and workforce housing.
- Directs revenue to capital improvements for affordable and workforce housing.
- Requires local approval from the town of Nantucket for implementation.
Who is affected
- Homebuyers of affordable and workforce housing in Nantucket
- The town of Nantucket
- Developers of affordable and workforce housing in Nantucket
Notable changes
- Creates a new revenue stream for affordable housing initiatives.
- Provides a dedicated funding source for capital improvements related to affordable housing.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Thomas W. Moakley
Cosponsors
Thomas W. Moakley
Arguments in favor
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Bill H.3903 194th (Current)
An Act authorizing the town of Nantucket to impose a real estate transfer fee for affordable and workforce housing and related capital improvements
By Representative Moakley of Falmouth and Senator Cyr, a joint petition (accompanied by bill, House, No. 3903) of Thomas W. Moakley and Julian Cyr (by vote of the town) that the town of Nantucket be authorized to impose a real estate transfer fee for affordable and workforce housing and related capital improvements. Revenue. [Local Approval Received.]
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Bill Information
Bill Information
Presenters: Thomas W. Moakley , Julian Cyr Status: Referred to Joint Committee on Revenue City/Town: Nantucket (Local Approval Received)
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 5 actions for Bill H.3903
| Date | Branch | Action |
| 3/13/2025 | House | Referred to the committee on Revenue |
| 4/10/2025 | Senate | Senate concurred |
| 8/27/2025 | Joint | Hearing scheduled for 09/09/2025 from 10:00 AM-1:00 PM in Gardner Auditorium |
| 12/11/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 2/25/2026 | House | Reporting date extended to Friday, June 26, 2026 |
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