An Act creating a graduated deed excise tax for affordable housing

HD 3193 modifies Massachusetts' property transfer tax by creating graduated rates for home sales over $250,000. For sales between $250,000-$500,000, the tax rate increases to 1.1x the existing rate; higher tiers apply for sales exceeding $500,000, $1 million, and $2 million. The bill directly affects sellers of higher-value homes by increasing their tax burden, with all revenue from these higher rates required to fund housing initiatives. Specifically, the tax revenue must be split equally between housing crisis programs and Affordable Housing Act initiatives established under Chapter 150 of the 2024 Acts. (Note: The "existing rate" referenced is not specified in the bill text.)