MA H3194

Increases the deeds excise tax from $2.00 to $4.56 per $500 of property value, with additional fees distributed to the Global Warming Solutions Trust Fund ($1.14), Affordable Housing Trust Fund ($0.68), and Housing Preservation and Stabilization Trust Fund ($0.46)

Creates a 25% tax credit for low-income homeowners who pay the deeds excise when selling their residence, with excess credit amounts refunded to the taxpayer

Creates a separate 25% tax credit for sellers who sell their residence to first-time homebuyers, limited to one residence per taxable year

Requires spending plans for the Global Warming Solutions Trust Fund, Affordable Housing Trust Fund, and Housing Preservation and Stabilization Trust Fund to be developed by August 1 annually and posted publicly in machine-readable format

Mandates that fund expenditures prioritize environmental justice populations, racial justice, and equitable regional distribution across the Commonwealth, with plans developed in consultation with racial justice stakeholders and the Massachusetts Association of Regional Planning Agencies

Effective date: January 1, 2026