MA S1930

Massachusetts cities and towns may impose a surcharge on real property taxes of up to 2% to fund affordable housing, with the surcharge excluded from Proposition 2½ levy limits

Adoption requires a two-thirds vote of the local appropriating authority plus voter approval at a municipal or state election, taking effect July 1 of the following fiscal year

All surcharge revenue must be deposited into a municipal affordable housing trust fund established under Chapter 44, Section 55C

Optional exemptions may be adopted for low-income homeowners, low/moderate income seniors, commercial and industrial properties, and the first $100,000 of residential or commercial property value

Cities and towns may revoke or amend the surcharge rate through the same two-thirds vote and ballot approval process, but rate changes are limited to once per 12-month period