SECTION 1. Chapter 64D of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out section 1 and inserting in place thereof the following section:-
Section 1. There shall be levied, collected and paid, for and in respect of the deeds, instruments and writings hereinafter mentioned and described, or for or in respect of the vellum, parchment or paper upon which such deeds, instruments or writings, or any of them are written or printed, the excise taxes herein specified: Deed, instrument or writing, whereby any lands, tenements or other realty sold shall be granted, assigned, transferred or otherwise conveyed to, or vested in, the purchaser or purchasers, or any other person or persons, by his, her or their direction, when the consideration of the interest or property conveyed, exclusive of the value of any lien or encumbrance remaining thereon at the time of the sale, exceeds $100 and does not exceed $500, $3; and for each additional $500 or fractional part thereof, $3; provided, however, that in Barnstable county, the excise tax herein specified shall be $2.50 for each $500 or fractional part of said consideration, excluding a consideration of between zero and $100. Notwithstanding any other provisions of this section or any other general or special law to the contrary, Nantucket county may disburse and expend deposits in said funds, except for the funds transferred to the Global Warming Solutions Trust Fund pursuant to section 10, for the purpose of facilities and programs related to law enforcement, including the planning, improving or constructing of police stations and other related facilities and programs. This chapter shall not apply to any instrument or writing given to secure a debt or to any deed, instrument or writing to which the commonwealth, a city or town of the commonwealth, or the United States or any of their agencies are a party.
SECTION 2. Said chapter 64D, as so appearing, is hereby amended striking out section 10 and inserting in place thereof the following section:-
Section 10. The taxes provided by this chapter shall be retained by the commonwealth; provided, however, that an amount equal to (i) 33 per cent of the revenues collected from the excise imposed by this chapter and transmitted to the General Fund in accordance with section 11 in each fiscal year and (ii) 33 per cent of the revenues collected from the surcharge imposed by section 22 of chapter 546 of the acts of 1969 in each fiscal year, shall be transferred annually to the Global Warming Solutions Trust Fund, established by section 35GGG of chapter 10.
SECTION 3. This act shall take effect on January 1, 2020.
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