The Commonwealth of Massachusetts Fiscal Year 2020 budget included a provision aimed at increasing funds available to towns and cities through the Community Preservation Act (CPA). The budget signed by Governor Baker included the following language amending sections of the M.G.L. and increasing the fees collected at the registries of deeds for the CPA….
“SECTION 29. Section 8 of chapter 44B of the General Laws, as so appearing, is hereby amended by striking out, in lines 3, 8 and 23, the figure “$20” and inserting in place thereof, in each instance, the following figure:- $50.”
“SECTION 30. Said section 8 of said chapter 44B, as so appearing, is hereby further amended by striking out, in lines 10, 14 and 24, the figure “$10” and inserting in place thereof, in each instance, the following figure:- $25.”
At this point our understanding is that these changes will be implemented on December 31, 2019, but we are waiting on formal guidance and confirmation from the Commonwealth of Massachusetts Department of Revenue. Stay tuned….