Massachusetts H3278 proposes a graduated deed excise tax to fund affordable housing initiatives.

Massachusetts H3278 introduces a graduated deed excise tax on property sales to generate revenue for affordable housing. The tax rates vary based on the sale price, with higher rates for more expensive properties. The tax revenue will be divided equally between addressing the housing crisis and funding initiatives under the Affordable Housing Act of 2024.

Massachusetts H3278 proposes a graduated deed excise tax to fund affordable housing initiatives.

Massachusetts H3278 introduces a graduated deed excise tax on property sales to generate revenue for affordable housing. The tax rates vary based on the sale price, with higher rates for more expensive properties. The tax revenue will be divided equally between addressing the housing crisis and funding initiatives under the Affordable Housing Act of 2024.