An Act establishing a real estate transfer fee upon the transfer of property in the town of Concord

This bill imposes a 1% real estate transfer fee on residential property sales in Concord exceeding $1 million, paid by the buyer. It directly affects high-value homebuyers and entities owning residential property in Concord, with exemptions for government transfers, affordable housing, family transfers, and low-value sales. The fee funds the Concord Municipal Affordable Housing Trust Fund, which supports affordable housing programs, and requires buyers to submit affidavits verifying the purchase price and fee payment with property deeds. The Town must annually report fee collections and program impacts to ensure transparency.