1 of 1 SENATE DOCKET, NO. 846 FILED ON: 1/14/2025 SENATE . . . . . . . . . . . . . . No. 1973 The Commonwealth of Massachusetts _________________ PRESENTED BY: James B. Eldridge _________________ 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 relative to affordable housing and environmental adaptation dollars. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :James B. EldridgeMiddlesex and WorcesterJames K. Hawkins2nd Bristol2/11/2025Jason M. LewisFifth Middlesex2/27/2025 1 of 6 SENATE DOCKET, NO. 846 FILED ON: 1/14/2025 SENATE . . . . . . . . . . . . . . No. 1973 By Mr. Eldridge, a petition (accompanied by bill, Senate, No. 1973) of James B. Eldridge, James K. Hawkins and Jason M. Lewis for legislation relative to the imposition of an excise tax to provide for climate change adaptation infrastructure and affordable housing investments in the Commonwealth. Revenue. [SIMILAR MATTER FILED IN PREVIOUS SESSION SEE SENATE, NO. 1799 OF 2023-2024.] The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Fourth General Court (2025-2026) _______________ An Act relative to affordable housing and environmental adaptation dollars. 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 35GGG of chapter 10 of the General Laws, as appearing in the 22022 Official Edition, is hereby amended by inserting after the word “year”, in line 96, the 3following words:- ; provided further, that said limitation shall not apply to funds deposited in the 4fund pursuant to section 1 of chapter 64D; provided further, that the amounts expended shall be 5allocated with due consideration given to: (1) environmental justice populations as defined in 6section 62 of chapter 30; (2) a reasonable distribution of resources across the commonwealth; 7and (3) other factors in the interests of justice. Before making grants or loans for the upcoming 8fiscal year, the secretary of energy and environmental affairs shall develop a spending plan no 9later than August 1. The spending plan shall be posted to a publicly accessible website in a 10machine readable format. 2 of 6 11 SECTION 2. Section 1 of chapter 64D of the General Laws, as so appearing, is hereby 12amended by striking out the words “two dollars” each time they appear and inserting in place 13thereof the following words:- two dollars and twenty eight cents, plus an additional and separate 14fee of one dollar and fourteen cents that shall be deposited on the first day of February into the 15Global Warming Solutions Trust Fund established by section 35GGG of chapter 10, plus an 16additional and separate fee of sixty-eight cents that shall be deposited into the Affordable 17Housing Trust Fund as established by section 2 of chapter 121D, plus an additional and separate 18fee of forty-six cents that shall be deposited into the Housing Preservation and Stabilization Trust 19Fund as established by section 60 of chapter 121B; provided, further, that all monies deposited in 20the Global Warming Solutions Trust in accordance with this section shall support the planning 21and implementation of policy recommendations required in each of the Commonwealth’s Clean 22Energy and Climate plans or development and initiation of programs pursuant to sections 5 and 6 23of chapter 8 of the acts of 2021; provided further, that funds deposited in the Global Warming 24Solutions Trust in accordance with this section shall prioritize investments with environmental 25justice populations as defined in section 62 of chapter 30; provided further, that the expenditure 26of funds deposited in the Affordable Housing Trust Fund, Housing Preservation and Stabilization 27Trust Fund, Global Warming Solutions Trust in accordance with this section shall prioritize 28investments with consideration of regional equity. 29 SECTION 3. Section 6 of chapter 62 of the General Laws, as so appearing, is hereby 30amended by adding the following subsections:- 31 (ee) (1) As used in this subsection, the words contained in this subsection shall have the 32same meanings as the definitions in subsection (k). 3 of 6 33 (2) A taxpayer shall be allowed a credit equal to 25 per cent of a payment made pursuant 34to section 1 of chapter 64D against the taxes imposed by this chapter if that person sold their 35residence during the taxable year. If the amount of the credit allowed under this subsection 36exceeds the taxpayer's tax liability, the commissioner shall treat the excess as an overpayment 37and shall pay the taxpayer the entire amount of the excess without interest. 38 (3) The credit shall be available only if the taxpayer is low-income as defined pursuant to 39section 1 of chapter 40T. 40 (4) No credit shall be allowed for a married individual unless a joint return is filed. 41 (5) No credit shall be allowed by this subsection with respect to the sale on more than one 42residence of any taxpayer during any taxable year. 43 (6) Any credit provided by this subsection shall not be counted as income in determining 44eligibility or benefits under any other means-tested assistance program, including but not limited 45to all such cash, food, medical, housing, energy and educational assistance programs. 46 (ff) (1) As used in this subsection, the following words shall have the same meaning as 47the definitions in subsection (k). 48 (2) A taxpayer shall be allowed a credit equal to 25 per cent of a payment made pursuant 49to section 1 of chapter 64D against the taxes imposed by this chapter if the taxpayer sold their 50residence during the taxable year to a first-time home buyer; provided, further, that if there are 51multiple persons recorded on the deed all persons must be first-time homebuyers for the taxpayer 52to be allowed this credit. 53 (3) No credit shall be allowed for a married individual unless a joint return is filed. 4 of 6 54 (4) No credit shall be allowed by this subsection with respect to the sale on more than one 55residence of any taxpayer during any taxable year. 56 (5) Any credit provided by this subsection shall not be counted as income in determining 57eligibility or benefits under any other means-tested assistance program, including but not limited 58to all such cash, food, medical, housing, energy and educational assistance programs. 59 SECTION 4. Said section 1 of said chapter 64D, as so appearing, is hereby further 60amended by striking out, in line 15, the words “one dollar and fifty cents” and inserting in place 61thereof the following words:- one dollar and seventy-one cents, plus an additional and separate 62fee of eighty-six cents that shall be deposited into the Global Warming Solutions Trust Fund 63established by said section 35GGG of said chapter 10, plus an additional and separate fee of 64fifty-one cents that shall be deposited into the Affordable Housing Trust Fund as established by 65section 2 of chapter 121D, plus an additional and separate fee of thirty-four cents that shall be 66deposited into the Housing Preservation and Stabilization Trust Fund as established by section 6760 of chapter 121B; provided, however, that all monies deposited in the Global Warming 68Solutions Trust in accordance with this section shall support the planning and implementation of 69policy recommendations required in each of the Commonwealth’s Clean Energy and Climate 70plans pursuant to Sections 5, and development and initiation of programs required in Section 6, 71of Chapter 8 of the Acts of 2021; provided further, that priority shall be given to investments in 72environmental justice populations as defined in Section 62 of Chapter 30; provided further, that 73the amounts deposited in said trust funds shall be reduced proportionalely by the amounts of 74aggregate amount of the credits claimed under subsection (ee) and subsections (ff) of section 6 of 75chapter 62 during the previous calendar year; provided further, that the expenditure of funds 76deposited in Affordable Housing Trust Fund and Housing Preservation and Stabilization Trust 5 of 6 77Fund in accordance with this section shall prioritize investments with consideration of regional 78equity. 79 SECTION 5. Said section 1 of said chapter 64D, as so appearing, is hereby further 80amended by striking out, in line 20, the words “in said Funds” and inserting in place thereof the 81following words:- received pursuant to this chapter, except for the monies collected and 82deposited in the Global Warming Solutions Trust Fund established by said section 35GGG of 83chapter 10, the Affordable Housing Trust Fund established by section 2 of chapter 121D, and the 84Housing Preservation and Stabilization Trust Fund established by section 60 of chapter 121B. 85 SECTION 6. Section 10 of said chapter 64D, as so appearing, is hereby amended by 86inserting after the word “commonwealth,” in line 2, the following words:- except for the monies 87collected and deposited into the separate funds as required by this chapter. 88 SECTION 7. Section 60 of chapter 121B of the General Laws, as so appearing, is hereby 89amended by inserting after the word, “homeless”, in line 21, the following words:- provided 90further, that the amounts expended shall be allocated with due consideration given to: (1) racial 91justice; (2) a reasonable distribution of resources across the commonwealth; and (3) other factors 92in the interests of justice. 93 SECTION 8. Said section 60 of said chapter 121B, as so appearing, is hereby further 94amended by inserting after the word, “plan”, in line 23, the following words:- , developed in 95consultation with racial justice-oriented stakeholders and the Massachusetts Association of 96Regional Planning Agencies,. 6 of 6 97 SECTION 9. Subsection (e) of said section 60 of said chapter 121B, as so appearing, is 98hereby amended by inserting after the fifth sentence the following sentence:- The spending plan 99shall be posted to a publicly accessible website in a machine readable format. 100 SECTION 10. Section 2 of chapter 121D of the General Laws, as so appearing, is hereby 101amended by inserting after the word “Development”, in line 11, the following words:- provided 102further, that the amounts expended shall be allocated with due consideration given to: (1) racial 103justice; (2) a reasonable distribution of resources across the commonwealth; and (3) other factors 104in the interests of justice. Before making grants or loans for the upcoming fiscal year, the agency, 105in consultation racial justice-oriented stakeholders and the Massachusetts Association of 106Regional Planning Agencies, shall develop a spending plan no later than August 1. The spending 107plan shall be posted to a publicly accessible website in a machine readable format. 108 SECTION 11. Section 23 of chapter 546 of the acts of 1969 is hereby repealed. 109 SECTION 12. This act shall take effect on January 1, 2026.