Establishes a gross receipts tax to fund housing first programs and housing for all in Massachusetts.

The bill establishes a Housing First and Housing for All Fund to finance housing first programs and housing for all in Massachusetts. It creates a gross receipts tax on business entities, exempting the first $50 million of gross receipts. The tax revenue is deposited into the fund, which supports programs for homeless individuals, rental subsidies, housing construction, supportive services, and more. The state auditor issues annual reports on fund appropriations, comparing them to a base year. The act takes effect on January 1, 2026.

Establishes a gross receipts tax to fund housing first programs and housing for all in Massachusetts.

The bill establishes a Housing First and Housing for All Fund to finance housing first programs and housing for all in Massachusetts. It creates a gross receipts tax on business entities, exempting the first $50 million of gross receipts. The tax revenue is deposited into the fund, which supports programs for homeless individuals, rental subsidies, housing construction, supportive services, and more. The state auditor issues annual reports on fund appropriations, comparing them to a base year. The act takes effect on January 1, 2026.