Legislators in Massachusetts scrambling to complete a major housing bond bill before their session ends this month appear to have dropped a proposal for a transfer tax on property sales of more than $1 million as that type of levy gains attention across the United States.The Massachusetts tax, set to be optional for local governments, was a priority of Gov. Maura Healey when she included it in her housing bond bill last fall. The bill version that emerged in late June from the state Senate budgets $5.4 billion for housing, more than twice the amount of the state’s last such bill in 2018. But like a counterpart bill that passed the state House of Representatives, it left out the transfer tax.
Source: News | Massachusetts Transfer Tax on High-End Property Sales Dropped From Housing Bill
