An Act authorizing the town of Truro 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 authorizes the town of Truro, Massachusetts, to impose a 0.5% real estate transfer fee on property sales. The fee revenue is intended to support town operations. This authorization was previously approved by the town of Truro. The bill was referred to the Joint Committee on Revenue and subsequently heard.
Key provisions
- Authorizes Truro to impose a 0.5% real estate transfer fee.
- The fee applies to the sale of real estate within the town of Truro.
- Revenue generated from the fee will be used for town operations.
- Local approval from the town of Truro was required for this legislation.
- The bill was referred to the Joint Committee on Revenue.
- A hearing was scheduled for January 27, 2026.
Who is affected
- Property owners in Truro, Massachusetts
- Real estate buyers in Truro, Massachusetts
- The town of Truro
Notable changes
- This bill specifically authorizes a real estate transfer fee for the town of Truro.
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
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