Massachusetts Senate Bill S1799

Massachusetts 2023-2024 Regular Session

• Introduced: 2/16/23
• Refer: 2/16/23

Caption

Providing for climate change adaptation infrastructure and affordable housing investments in the commonwealth

Impact

The impact of S1799 on state laws is significant, as it seeks to modify existing tax structures to provide dedicated funding for climate adaptation projects and affordable housing initiatives. This bill reflects a commitment to address dual crises of climate change and housing affordability, emphasizing investments in infrastructure that could mitigate the effects of climate-related disasters while also enhancing the availability of housing for residents in need.

Summary

Bill S1799 aims to enhance climate change adaptation and increase investments in affordable housing within Massachusetts. The legislation proposes the imposition of an excise tax, which includes specific increases in fees designated for different funds including the Global Warming Solutions Trust Fund and the Affordable Housing Trust Fund. These funds are intended to support necessary infrastructure to combat climate change and invest in housing solutions targeted towards vulnerable populations.

Contention

A notable point of contention surrounding S1799 could emerge from opposition to increased taxation, especially among groups concerned about the economic implications of higher costs for residents and businesses. Proponents argue that the long-term benefits of proactive investments in climate resilience and housing outweigh the costs of the excise tax. However, critics may question the sufficiency and effectiveness of the proposed funding mechanisms to address these pressing social issues adequately.