MA H1480

Creates a new "Housing First and Housing for All Fund" funded by a 0.25% gross receipts tax on business entities operating in Massachusetts, with an exemption for the first $50 million in gross receipts

Fund revenues must be used exclusively for homelessness prevention, Housing First programs, rental subsidies (including Massachusetts Rental Voucher Program expansion), emergency and permanent housing construction, and supportive services for formerly homeless individuals

Supports investments in community land trusts, social housing, deed-restricted affordable housing, limited equity cooperatives, and down payment assistance programs for first-time and first-generation homebuyers

Limits administrative costs to no more than 3% of annual gross receipts tax revenue; requires annual reporting by the Commissioner of Revenue beginning February 15, 2027

State Auditor must issue annual reports starting FY2028 comparing Fund appropriations to baseline FY2026 housing spending to ensure new revenues supplement rather than replace existing funding; effective January 1, 2026