An Act authorizing the town of Provincetown to impose a 0.5% real estate transfer fee
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill would allow the town of Provincetown, Massachusetts, to collect a 0.5% real estate transfer fee on property sales. The fee would be imposed by the town government. This legislation is similar to previous attempts to authorize this fee for Provincetown. The bill has been referred to the Joint Committee on Revenue and is currently scheduled for a hearing.
Key provisions
- Authorizes Provincetown to impose a 0.5% real estate transfer fee.
- The fee applies to transactions involving the sale of real estate.
- Revenue generated from the fee would be used by the town of Provincetown.
- The authorization was approved by the town of Provincetown.
- The bill was presented by Representatives Luddy and Senator Cyr.
Who is affected
- Property owners in Provincetown
- Real estate buyers in Provincetown
- The town of Provincetown
- Developers selling property in Provincetown
- Potential taxpayers in Provincetown
Notable changes
- This bill replicates previous attempts to authorize a similar fee for Provincetown.
- It establishes a specific rate (0.5%) for the real estate transfer fee.
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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