HB1248 (2020) Detail

Relative to community revitalization tax relief incentives.


HB 1248-LOCAL - AS AMENDED BY THE HOUSE

 

19Feb2020... 0613h

2020 SESSION

20-2524

05/10

 

HOUSE BILL 1248-LOCAL

 

AN ACT relative to community revitalization tax relief incentives.

 

SPONSORS: Rep. Conley, Straf. 13; Rep. Chase, Straf. 18; Rep. Andrew Bouldin, Hills. 12; Rep. Fenton, Ches. 8; Rep. Meuse, Rock. 29; Rep. Klein-Knight, Hills. 11; Rep. Grassie, Straf. 11; Rep. Cleaver, Hills. 35; Sen. Watters, Dist 4

 

COMMITTEE: Municipal and County Government

 

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AMENDED ANALYSIS

 

This bill enables municipalities to offer community revitalization tax incentives for the construction of additional housing in designated areas.  The bill also revises the criteria for assistance from the affordable housing fund administered by the housing finance authority.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19Feb2020... 0613h

20-2524

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to community revitalization tax relief incentives.

 

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

 

1  Definition of Qualifying Structure.  Amend RSA 79-E:2, II to read as follows:

II.  "Qualifying structure" means a building located in a district officially designated in a municipality's master plan, or by zoning ordinance, as a downtown, town center, central business district, or village center, or, where no such designation has been made, in a geographic area which, as a result of its compact development patterns and uses, is identified by the governing body as the downtown, town center, or village center for purposes of this chapter.  Qualifying structure shall also mean historic structures in a municipality whose preservation and reuse would conserve the embodied energy in existing building stock.  Cities or towns may further limit "qualifying structure" according to the procedure in RSA 79-E:3 as meaning only a structure located within such districts that meet certain age, occupancy, condition, size, or other similar criteria consistent with local economic conditions, community character, and local planning and development goals.  Cities or towns may further modify "qualifying structure" to include buildings that have been destroyed by fire or act of nature, including where such destruction occurred within 15 years prior to the adoption of the provisions of this chapter by the city or town.  In a city or town that has adopted the provisions of RSA 79-E:4-a, "qualifying structure" also means potentially impacted structures identified by the municipality within the coastal resilience incentive zone established under RSA 79-E:4-a.  In a city or town that has adopted the provisions of RSA 79-E:4-b, "qualifying structure" also means a housing unit or units constructed in a housing opportunity zone established under RSA 79-E:4-b.

2  New Section; Community Revitalization Tax Relief Incentives; Housing Opportunity Zone.  Amend RSA 79-E by inserting after section 4-a the following new section:

79-E:4-b  Housing Opportunity Zone.  A city or town may adopt the provisions of this section by vote of its legislative body, in accordance with the procedures described in RSA 79-E:3, to establish a housing opportunity zone.  To be eligible for tax relief under this section, the qualifying structure and property shall be located within the housing opportunity zone established by the municipality.  No less than one third of the housing units constructed shall be designated for households with an income of 80 percent or less of the area median income as measured by the United States Department of Housing and Urban Development, or the housing units in a qualifying structure shall be designated for households with incomes as provided in RSA 204-C:57, IV.  A qualifying structure under this section shall be eligible for tax assessment relief for a period of up to 10 years, beginning upon issuance of the certification of occupancy.

3  Affordable Housing Fund; Definitions of Person of Low Income, Person of Moderate Income, and Person of Very Low Income.  Amend RSA 204-C:56, IV and V to read as follows:

IV.  "Person of low income" means any single individual or any family whose gross income is [less than 50] greater than 50 percent and less than or equal to 60 percent of the median income of, respectively, all single persons or all families, adjusted for number of members, residing in the applicable geographical area of the state.

V.  "Person of moderate income" means any single individual or any family whose gross income is [between 50 and] greater than 60 percent and less than or equal to 80 percent of the median income of, respectively, all single persons or all families, adjusted for the number of members, residing in the applicable geographical area of the state.

VI.  “Person of very low income” means any single individual or any family whose gross income is less than or equal to 50 percent of the median income of, respectively, all single persons or all families, adjusted for the number of members, residing in the applicable geographical area of the state.

4  Affordable Housing Fund.  RSA 204-C:57, IV is repealed and reenacted to read as follows:

IV.  The authority shall only provide financial assistance under this subdivision for projects that meet one of the following criteria:

(a)  At least 50 percent of the units shall be affordable to persons of very low, low, or moderate income;

(b)  At least 40 percent of the units shall be affordable to persons of very low or low income; or

(c)  At least 20 percent of the units shall be affordable to persons of very low income.

5  Effective Date.  This act shall take effect April 1, 2021.

Links

HB1248 at GenCourtMobile
HB1248 Discussion

Action Dates

Date Body Type
Jan. 21, 2020 House Hearing
Feb. 12, 2020 House Exec Session
House Floor Vote
Feb. 19, 2020 House Floor Vote
March 4, 2020 House Hearing
March 17, 2020 House Exec Session
May 12, 2020 House Exec Session

Bill Text Revisions

HB1248 Revision: 8185 Date: Feb. 20, 2020, 8:45 a.m.
HB1248 Revision: 6904 Date: Dec. 2, 2019, 1:16 p.m.

Docket

Date Status
Jan. 8, 2020 Introduced 01/08/2020 and referred to Municipal and County Government HJ 1 P. 15
Jan. 21, 2020 Public Hearing: 01/21/2020 11:30 am LOB 301-303
Feb. 12, 2020 Executive Session: 02/12/2020 10:30 am LOB 301
Feb. 19, 2020 Majority Committee Report: Ought to Pass with Amendment # 2020-0613h for 02/19/2020 (Vote 12-4; RC) HC 7 P. 23
Majority Committee Report: Ought to Pass with Amendment # 2020-0613h (Vote 12-4; RC)
Minority Committee Report: Inexpedient to Legislate
Feb. 19, 2020 Amendment # 2020-0613h: AA VV 02/19/2020 HJ 4 P. 67
Feb. 19, 2020 Ought to Pass with Amendment 2020-0613h: MA VV 02/19/2020 HJ 4 P. 67
Feb. 19, 2020 Referred to Ways and Means 02/19/2020 HJ 4 P. 67
March 4, 2020 Public Hearing: 03/04/2020 11:00 am LOB 202
March 5, 2020 ==TIME CHANGE== Full Committee Work Session: 03/05/2020 11:00 am LOB 202
March 9, 2020 Full Committee Work Session: 03/09/2020 10:00 am LOB 202
March 17, 2020 ==CANCELLED== Executive Session: 03/17/2020 01:30 pm LOB 202
May 12, 2020 Executive Session: 05/12/2020 01:00 pm Members of the public may attend using the following link: https://zoom.us/j/91719044913
Committee Report: Ought to Pass (Vote 20-0; CC) HC 23 P. 5