The bill aims to direct new revenue to affordable housing, while opponents have said there are other funding sources available and the cost of an extra charge on transfers would be passed on to tenants.
The Boston City Council and Mayor Michelle Wu approved the legislation back in March before it was filed in the Legislature by Rep. Brandy Fluker Oakley. The Revenue Committee, chaired by Rep. Mark Cusack of Braintree and Sen. Adam Hinds of Pittsfield, extended their consideration of the measure all the way to July 31 before awarding it a favorable report.
The Revenue Committee's reports on several local transfer tax proposals have featured dissenting votes from Sen. Ryan Fattman of Sutton, according to the House calendar, and a Boston senator was cool to the transfer tax idea at a hearing in June. During a year when calls for tax relief have echoed around the state, Collins cautioned against"taking a step in the wrong direction of tax increases, instead of prioritizing our spending or seeing what we have room to do with in terms of revenue generation that's already the authority of municipalities."
The bill now moves to the House Committee On Bills In The Third Reading. If chairwoman Rep. Denise Garlick of Needham moves the bill out of that panel, another favorable House vote would send it to the Senate.
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