H4703
An Act authorizing the town of Truro to impose a 0.5% real estate transfer fee
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- Passed House
- Passed Senate
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Bill overview
This bill authorizes the town of Truro, Massachusetts, to collect a 0.5% real estate transfer fee on property sales. The revenue generated from this fee would be used by the town. This bill is similar to previous attempts to implement a similar fee in Truro. It was referred to the Joint Committee on Revenue and is currently awaiting a hearing.
Key provisions
- Authorizes Truro to impose a 0.5% real estate transfer fee.
- Specifies that the revenue from the fee will be used by the town of Truro.
- Requires local approval for the implementation of the fee.
Who is affected
- Property owners in Truro
- Real estate buyers in Truro
- The town of Truro
Notable changes
- This bill replicates previous attempts to establish a real estate transfer fee in Truro.
- It builds upon similar legislation in other Massachusetts towns.
Sponsors
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Primary sponsor
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Bill H.4703 194th (Current)
An Act authorizing the town of Truro to impose a 0.5% real estate transfer fee
By Representative Luddy of Orleans and Senator Cyr, a joint petition (accompanied by bill, House, No. 4703) of Hadley Luddy (by vote of the town) that the town of Truro be authorized to impose a 0.5% real estate transfer fee in said town. Revenue. [Local Approval Received.]
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Bill Information
Bill Information
Presenters: Hadley Luddy , Julian Cyr Status: Referred to Joint Committee on Revenue City/Town: Truro (Local Approval Required)
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 5 actions for Bill H.4703
| Date | Branch | Action |
| 11/3/2025 | House | Referred to the committee on Revenue |
| 11/6/2025 | Senate | Senate concurred |
| 1/16/2026 | Joint | Hearing scheduled for 01/27/2026 from 01:00 PM-05:00 PM in A-1 & A-2 |
| 1/27/2026 | Joint | Hearing rescheduled to 01/27/2026 from 01:00 PM-02:25 PM in A-1 and Virtual Hearing updated to New End Time |
| 3/9/2026 | House | Reported date extended to Friday, June 26, 2026 |
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