H 4703
An Act authorizing the town of Truro to impose a 0.5% real estate transfer fee
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- Passed Senate
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Bill 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.
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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