HB1547 (2008) Detail

Repealing a fee charged by the registry of deeds.


HB 1547-FN-LOCAL – AS INTRODUCED

2008 SESSION

08-2517

05/01

HOUSE BILL 1547-FN-LOCAL

AN ACT repealing a fee charged by the registry of deeds.

SPONSORS: Rep. Chandler, Carr 1; Rep. Merrow, Carr 3; Rep. Patten, Carr 4; Sen. Gatsas, Dist 16

COMMITTEE: Ways and Means

ANALYSIS

This bill repeals a fee charged by the registry of deeds for deposit in the land and community heritage investment program. The bill also repeals an appropriation to the department of revenue administration for administrative costs and removes the July 1, 2018 prospective repeal of the fee.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

08-2517

05/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eight

AN ACT repealing a fee charged by the registry of deeds.

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

1 Repeal. The following are repealed:

I. RSA 478:17-g, I-a, relative to the fee charged by the registry of deeds for deposit in the land and community heritage investment program.

II. RSA 78-B:8, III, relative to administration of the fee by the commissioner of revenue administration.

III. 2007, 263:47, relative to the appropriation to the department of revenue administration for administrative costs associated with collection of the fee.

IV. 2007, 263:48, relative to prospective repeal of the fee on July 1, 2018.

2 Effective Date. This act shall take effect upon its passage.

LBAO

08-2517

10/19/07

HB 1547-FN-LOCAL - FISCAL NOTE

AN ACT repealing a fee charged by the registry of deeds.

FISCAL IMPACT:

      The Legislative Budget Assistant’s Office states this bill will decrease state general fund expenditures by $50,000 in FY 2009 and decrease state restricted revenue and county revenue by an indeterminable amount in FY 2009 and each year thereafter. There is no fiscal impact on county and local expenditures or local revenue.

METHODOLOGY:

    The Legislative Budget Assistant’s Office indicates this bill will repeal the fee charged by the registry of deeds for deposit in the land and community heritage investment program. The bill also repeals the appropriation to the Department of Revenue Administration for administrative costs and the July 1, 2018 prospective repeal of the fee. Chapter 263, Laws of 2007 provides that if no other dedicated funding source is identified for the land and community heritage investment program, a surcharge of $25 will be assessed for each recording at the registry of deeds effective July 1, 2008. The registry of deeds would retain 4 percent of the total surcharges collected as payment for the service of collecting the surcharge. The balance of funds would be remitted to the Department of Revenue Administration and subsequently deposited in the trust fund for the land and community heritage investment program. Chapter 263, Laws of 2007 also appropriates $50,000 in FY 2009 to the Department of Revenue Administration to assist the county registers of deeds with computer reprogramming changes and administrative costs necessary to implement the surcharge.