Last Friday Beacon Hill (Boston) took testimony on the Municipal Relief Bill, by expanding the Hotel/Motel tax.
The bill that was being debated included provisions to expand the H/M tax to include all "transient accommodations" - which would have included timeshares, condos, all B & Bs currently exempt, duplexes, and single family homes. The version of the bill that was passed by the State Senate did expand the definition of 'transient accommodations" to all of the above EXCEPT single family homes.
If the current version of the bill becomes law, the H/M tax will apply to all condos, timeshares, duplexes etc, but it will EXEMPT single family homes!
The House will now work on the bill, and there will certainly be some final changes before it becomes law.
Dennis Murphy, a Realtor in Falmouth, MA has been working very hard to keep this bill from becoming too expansive.
Happy listing and selling real estate!
Heath Coker, Owner of Cape Group Real Estate
www.CapeGroup.com / capegroup@capegroup.com
508-548-8888 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup
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