Amendment #648 to H4700

Deeds Excise Retention

Representatives Galvin of Canton and Cutler of Pembroke move to amend the bill by adding the following section:-

SECTION XXXX. Chapter 64D of the General Laws is hereby amended by inserting after section 1, the following section:-

Section 1A. (a) Notwithstanding any other general or special law to the contrary, the counties of Bristol, Dukes, Nantucket, Norfolk and Plymouth shall retain 20 per cent of all deeds excise receipts received on or after July 1, 2021, in addition to the amounts of deeds excise receipts retained by said counties pursuant to any other statute or regulation.  Such funds shall be deposited to the General Fund of the county and shall be disbursed and expended for meeting the costs of the operation and maintenance of the county, or retained by the county for such future use.

(b) Notwithstanding any other general or special law to the contrary, the county of Barnstable shall retain 7.5 per cent of all deeds excise receipts received pursuant to this chapter on or after July 1, 2021, in addition to the amounts of deeds excise receipts retained by said county pursuant to any other statute or regulation.  Such funds shall be deposited to the General Fund of the county and shall be disbursed and expended for meeting the costs of the operation and maintenance of the county, or retained by the county for future use.

Additional co-sponsor(s) added to Amendment #648 to H4700

Deeds Excise Retention