An Act authorizing the town of Brookline to levy a real estate transfer fee on certain real property transfers

This bill allows the Town of Brookline to impose a real estate transfer fee on property sales within the town. The fee, ranging from 0.5% to 2% of the sale price above a set threshold, is paid by the seller (not the buyer) at closing. Proceeds fund the Brookline Affordable Housing Trust Fund, supporting the acquisition, construction, and preservation of housing for low- and moderate-income households. The fee applies to most property transfers, with exemptions possible but not specified in the bill text.