Communities Lobby Beacon Hill for New Transfer Tax bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Advocates say the new bill's language gives cities and towns flexibility to do things like create exemptions for first-time homebuyers or impose the fee at a lower threshold in areas where the county median home sales price is lower than the state's.
“What it really says is, can our communities, can our cities, retain just a fraction of the wealth that is being created in this real estate boom,” Rep. Mike Connolly said.