MA H3060

Establishes a "Housing First and Housing for All Fund" to prevent and reduce homelessness, funded by a new 0.25% gross receipts tax on business entities with revenues exceeding $50 million

Fund revenues must be used exclusively for homelessness prevention programs, rental subsidies (including Massachusetts Rental Voucher Program expansion), emergency and permanent housing construction, supportive services, and down payment assistance for first-time homebuyers

Administrative costs capped at 3% of annual gross receipts tax revenue; remaining funds support Housing First programs, mental health services for unhoused individuals, legal representation in eviction cases, and community land trusts

Commissioner of Revenue must file annual reports beginning February 15, 2027 on fund balances and revenue projections; State Auditor must issue yearly reports starting fiscal year 2028 comparing housing appropriations to fiscal year 2026 baseline

Effective date of January 1, 2026; applies to corporations, partnerships, LLCs, and other business entities engaged in business in Massachusetts