Massachusetts H3043: An Act establishing a real estate transfer fee upon the transfer of property in the town of Concord

What the bill says

From the introduced text, February 27, 2025:

SECTION 1. There is hereby imposed a real estate transfer fee, hereafter “the fee,” equal to 1 percent of the portion of the purchase price exceeding $1,000,000 upon the transfer of (i) any real property interest in any residential property situated in the Town of Concord, or (ii) a controlling interest in a trust, limited liability company, or other entity that directly or indirectly holds an interest in any class of residential real property situated in the Town of Concord. The fee shall be the liability of the purchaser of such property interest, and any agreement between the purchaser and the seller or any other person with reference to the allocation of the liability for the fee shall not affect such liability of the purchaser to the Town. The Town may define by bylaw what constitutes a controlling interest and the calculation of the fee. SECTION 2. The following transfers of real property interests shall be exempt from the fee established in Section 1: (i) transfers to the federal government, the Commonwealth, the Town, and any of their instrumentalities, agencies or subdivisions, including the Concord Housing Authority and the Concord Municipal Affordable Housing Trust; (ii) transfers to the Concord Housing Development Corporation; (iii) transfers of real property subject to an affordable housing restriction; (iv) transfers made without additional consideration to …

Read the full official text

Sponsors

• Simon Cataldo (D) · primary sponsor
• Carmine Gentile (D)
• Michael Barrett (D, Third Middlesex)

Latest actions

1. July 6, 2026: Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling
2. February 25, 2026: Reporting date extended to Friday, June 26, 2026
3. December 11, 2025: Reporting date extended to Friday, February 20, 2026
4. August 27, 2025: Hearing scheduled for 09/09/2025 from 10:00 AM-1:00 PM in Gardner Auditorium
5. February 27, 2025: Senate concurred
6. February 27, 2025: Referred to the committee on Revenue

Votes

• Committee Vote - Joint Committee on Revenue (June 25, 2026): 9 yea, 0 nay, passed

Common questions

What is H3043?

H3043 is a bill in the Massachusetts Legislature (194th General Court): An Act establishing a real estate transfer fee upon the transfer of property in the town of Concord.

What is the status of H3043?

In committee as of July 6, 2026. Latest action: Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (July 6, 2026).

Who sponsored H3043?

Simon Cataldo (D), with 2 co-sponsors.

Where is the official record for H3043?

On the Massachusetts Legislature website: https://malegislature.gov/Bills/194/H3043