An Act providing for climate change adaptation infrastructure and affordable housing investments in the commonwealth

This bill increases excise taxes on specific goods in Massachusetts to generate revenue for climate change adaptation and affordable housing. The additional funds collected are directed into three separate trust funds: one for climate resilience projects, another for affordable housing development, and a third for preserving existing housing. The legislation also mandates that climate-related investments prioritize communities facing environmental justice challenges. By adjusting tax rates and specifying fund allocations, the bill aims to secure dedicated resources for infrastructure and housing needs without changing the underlying tax structure itself.