HB512 (2005) Detail

(2nd New Title) expanding the study committee on property tax relief to include reverse mortgages.


CHAPTER 63

HB 512 – FINAL VERSION

09Mar2005… 0318h

04/14/05 1022s

2005 SESSION

05-0824

06/03

HOUSE BILL 512

AN ACT expanding the study committee on property tax relief to include reverse mortgages.

SPONSORS: Rep. Mirski, Graf 10; Rep. Alger, Graf 6; Rep. Parkhurst, Ches 4

COMMITTEE: Municipal and County Government

AMENDED ANALYSIS

This bill amends the duties of the property tax study committee established by 2004, 88 to include reverse mortgages.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

09Mar2005… 0318h

04/14/05 1022s

05-0824

06/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT expanding the study committee on property tax relief to include reverse mortgages.

Be it Enacted by the Senate and House of Representatives in General Court convened:

63:1 Study Committee Title Changed. Amend 2004, 88:1 to read as follows:

88:1 Committee Established. There is established a committee to study property tax relief, without implementing any new broad-based tax] including reverse mortgages.

63:2 Study Committee Duties. 2004, 88:3 is repealed and reenacted to read as follows:

88:3 Duties. The committee shall study any and all existing and proposed state and local property tax relief proposals including, but not limited to, abatements, credits, exemptions, reimbursements, and reverse mortgages. The committee may seek testimony from people with experience in one or more of the following categories: mortgage banking, credit lending, home equity financing, deferred payment lending, debt resolution consulting, bankruptcy law, bond banking, and the sale and placement of state and local bond issues.

63:3 Effective Date. This act shall take effect upon its passage.

(Approved: May 23, 2005)

(Effective Date: May 23, 2005)

Links

HB512 at GenCourtMobile

Action Dates

Date Body Type

Bill Text Revisions

HB512 Revision: 8956 Date: Jan. 21, 2010, midnight

Docket