Bill
HD 5153
Overview: HD 5153, An Act relative to excise upon the transfer of parking spaces in the city of Salem, was referred to the committee on Revenue. It was introduced on September 22,
Overview: HD 5153, An Act relative to excise upon the transfer of parking spaces in the city of Salem, was referred to the committee on Revenue. It was introduced on September 22, 2025.
Purpose and Intent: The bill aims to establish an excise tax on the transfer of parking spaces within the city of Salem. The goal is to generate additional revenue for the city to fund infrastructure improvements and maintenance related to the parking system.
Key Provisions:
- Imposes a 5% excise tax on the transfer of any parking space located within the city of Salem
- Requires the owner of the parking space to pay the excise tax at the time of transfer
- Provides exemptions for certain types of transfers, such as between family members or as part of a larger real estate transaction
- Directs the revenue generated from the excise tax to a dedicated fund for parking-related infrastructure projects
Affected Parties and Impacts: The bill would primarily impact owners of parking spaces in the city of Salem, who would be responsible for paying the excise tax upon transferring their spaces. The city of Salem would benefit from the additional revenue, which could be used to improve and maintain the local parking infrastructure.
Procedural and Timeline Considerations: The bill has been referred to the committee on Revenue for further consideration. The next step would be a committee hearing, where stakeholders and the public would have the opportunity to provide input and feedback on the proposed legislation.
Compiled from official sources — confirm details with the bill’s official record.
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