1 of 1 HOUSE DOCKET, NO. 3193 FILED ON: 1/16/2025 HOUSE . . . . . . . . . . . . . . . No. 3278 The Commonwealth of Massachusetts _________________ PRESENTED BY: Christopher J. Worrell _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act creating a graduated deed excise tax for affordable housing. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :DATE ADDED:Christopher J. Worrell5th Suffolk1/16/2025 1 of 2 HOUSE DOCKET, NO. 3193 FILED ON: 1/16/2025 HOUSE . . . . . . . . . . . . . . . No. 3278 By Representative Worrell of Boston, a petition (accompanied by bill, House, No. 3278) of Christopher J. Worrell for legislation to establish a graduated deed excise tax for affordable housing. Revenue. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act creating a graduated deed excise tax for affordable housing. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 SECTION 1. Section 1 of chapter 64D of the General Laws, as appearing in the 2022 2Official Edition, is hereby amended by adding the following after the words “after two dollars” 3as it appears the second time and before the word “provided”:- 4 “hereafter referred to as the existing rate”. 5 And in said section, after the words “two dollars” and before the word 6“Notwithstanding” the following words:- 7 however, for sales exceeding $250,000 but less than $500,000, 1.1 multiplied by the 8existing rate; for sales exceeding $500,000 but less than $1,000,000, 1.6 multiplied by the 9existing rate, for sales exceeding $1,000,000 but less than $2,000,000 1.8 multiplied by the 10existing rate; for sales exceeding $2,000,000 the existing rate multiplied by 2. 2 of 2 11 SECTION 2. Said section 1 of chapter 64D is hereby further amended by inserting after 12the words "or the United States or any of their agencies are a party." the following words:- 13 "The Executive Office of Housing and Livable Communities shall equally divide such 14tax revenue to initiatives to address the housing crisis and to fund the Affordable Housing Act 15initiatives as established in chapter 150 of the Acts of 2024."