An Act relative to deeds excise receipts

This bill allows specific Massachusetts counties to keep a portion of the money collected from property deed transfer taxes. Under the new rules, Bristol, Dukes, Nantucket, Norfolk, and Plymouth counties will retain 20 percent of these receipts, while Barnstable County will keep 7.5 percent, starting July 1, 2023. The funds collected by these counties must be placed into their general funds and can be used to cover local operating costs or saved for future expenses. This change applies to all deed excise receipts generated on or after the specified start date.