An Act authorizing the town of Eastham to impose a 3% 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 authorizes the town of Eastham, Massachusetts, to impose a 3% real estate transfer fee on property sales. The fee revenue is intended to be used for town purposes. This action follows local approval from the town of Eastham. The bill is currently under consideration by the Joint Committee on Revenue.
Key provisions
- Authorizes Eastham to levy a 3% real estate transfer fee.
- Specifies that the revenue generated will be used for town purposes.
- Requires local approval from the town of Eastham.
- Currently under review by the Joint Committee on Revenue.
- Related to property transactions within Eastham.
- Part of a series of similar bills in other Massachusetts towns.
Who is affected
- Property owners in Eastham, Massachusetts
- Real estate buyers in Eastham, Massachusetts
- The town of Eastham
- The Joint Committee on Revenue
- Local governments in Massachusetts
Notable changes
- Establishes a new real estate transfer fee for the town of Eastham.
- This bill is part of a broader trend of Massachusetts towns exploring similar fees.
- Revenue generated will be used for unspecified town purposes.
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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