The Massachusetts Legislature is currently considering a bill that would grant cities and towns the authority to implement a new sales tax on homes, H.1769, An Act supporting affordable housing with a local option for a fee to be applied to certain real estate transactions.
This and other transfer tax bills would further exacerbate the housing affordability crisis in Massachusetts, undermine the basic tenet of fairness in tax policy, and create an unstable revenue source for affordable housing.
If enacted, H. 1769 would have an extremely negative effect on the Massachusetts real estate market and Massachusetts Realtors®. If you share your Association’s concerns that a new sales tax on homes is bad public policy, the time to act is now!
Your legislators need to hear from you TODAY.
TAKE ACTION NOW to send an email to your State Senator and Representative. If REALTORS® like you don’t make their voices heard, this bad tax policy could become a reality in all communities in the Commonwealth.