Revision: Jan. 22, 2019, 9:05 a.m.
SB 154 - AS INTRODUCED
2019 SESSION
19-0918
10/04
SENATE BILL 154
AN ACT allowing municipalities to adopt a credit against property taxes for certain workforce housing.
SPONSORS: Sen. Bradley, Dist 3; Sen. Cavanaugh, Dist 16; Sen. Fuller Clark, Dist 21; Sen. Giuda, Dist 2; Sen. Hennessey, Dist 5; Sen. Watters, Dist 4; Rep. Major, Rock. 14; Rep. Abrami, Rock. 19
COMMITTEE: Election Law and Municipal Affairs
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ANALYSIS
This bill enables municipalities to adopt a credit against property taxes assessed on certain workforce housing.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-0918
10/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT allowing municipalities to adopt a credit against property taxes for certain workforce housing.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Procedure for Adoption of Property Tax Credit. Amend RSA 72:27-a, I, to read as follows.
I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:28-b, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:76, [or] RSA 72:82, or RSA 72:84 in the following manner:
2 New Subdivision; Workforce Housing Density Credit. Amend RSA 72 by inserting after section 83 the following new subdivision:
Workforce Housing Density Credit
72:84 Workforce Housing Density Credit.
I. Each city and town may adopt under RSA 72:27-a a credit in an amount up to 10 percent of the property taxes assessed on a residential property.
II. The workforce housing density credit shall be subtracted each year from the property tax on the qualifying residential real estate.
III. Only properties meeting the following requirements shall qualify for the credit under this section:
(a) The property shall have a minimum of 4 residential units per acre; and
(b) The property shall meet the definition of workforce housing under RSA 674:58, IV; and
(c) The property abuts existing residential properties, or is zoned by the town or city for dense residential development.
IV. Applications for exemptions under this section shall be governed by the provisions of RSA 72:33, RSA 72:34, and RSA 72:34-a.
3 Department of Revenue Administration; Rules; Reference Added. Amend RSA 72:36, I to read as follows:
I. The commissioner's interpretation of RSA 72:28, 72:28-b, 72:28-c, 72:29, 72:29-a, 72:30, 72:31, 72:32, 72:33, 72:34, 72:34-a, 72:35, 72:36-a, 72:37, 72:37-a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:41, 72:62, 72:66, [and] 72:70, and 72:84; and