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1 Tax on Transfers of Real Property; Exceptions; Certain Transfers. Amend RSA 78-B:2, XXII(b) to read as follows:
(b) The direct or indirect owners of the parties to the transfer remain the same before and after the transfer of the real estate, the respective ownership percentages of each are identical, and the combined assets and liabilities of the transferor and transferee remain the same except with respect to the real estate.; provided however that
(c) The exception under this paragraph shall not apply to transfers of title due to the acquisition by a business entity of more than 50 percent of the common stock of another business entity.
2 Effective Date. This act shall take effect July 1, 2018.
Text to be added highlighted in green.
1 Tax on Transfers of Real Property; Exceptions; Certain Transfers. Amend RSA 78-B:2, XXII(b) to read as follows:
(b) The direct or indirect owners of the parties to the transfer remain the same before and after the transfer of the real estate, the respective ownership percentages of each are identical, and the combined assets and liabilities of the transferor and transferee remain the same except with respect to the real estate.; provided however that
(c) The exception under this paragraph shall not apply to transfers of title due to the acquisition by a business entity of more than 50 percent of the common stock of another business entity.
2 Effective Date. This act shall take effect July 1, 2018.