MA S1973

Increases the deeds excise tax from $2.00 to $4.56 total, with portions allocated 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 taxpayers who sell their residence, and a separate 25% tax credit for any taxpayer who sells to a first-time homebuyer

Requires fund expenditures to prioritize environmental justice populations, racial justice considerations, and regional equity across the Commonwealth

Mandates annual spending plans be developed by August 1 in consultation with racial justice-oriented stakeholders and the Massachusetts Association of Regional Planning Agencies, and posted publicly online

Takes effect January 1, 2026