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Lawmaker Urges Graduated Deed-Transfer Tax to Fund Affordable Housing
Summary
A representative urged the Joint Committee on Revenue to back a graduated deed excise (transfer) tax on very high‑value property sales to generate dedicated revenue for affordable housing production, arguing it targets top-end wealth and not working families.
A testifier told the Joint Committee on Revenue that the Commonwealth should create a graduated deed excise tax on high-value property transfers to fund affordable housing production. "Our commonwealth is in the middle of a housing crisis," the representative said, urging the committee to report favorably on the measure cited in testimony as "house bill 303227078."
The testifier framed the proposal as a narrowly targeted revenue source for affordable housing, saying it would ask "those at the very top end…
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