SB 173 (2025)
Let properties reserved for low income tenants pay simple alternative to property tax
Summary:
If a residential property is subject to a housing covenant under the low income housing tax credit program (meaning units are reserved for low income individuals), this bill sets up a simplified system for taxing the property. The property owner could opt to pay 10% of net income from the property instead of the regular property taxes. The bill rewrites a section of state law that has a more complex calculation of income for these properties. This bill is only slightly different from SB 170.
Status:
Public Hearing Date:
04/08/2025 10:00 am
Public Hearing Location:
LOB Room 301-303
Senate Voting Date:
03/20/2025
Want hearing dates, vote records or the full bill text? See more on the Statehouse website
https://gc.nh.gov/bill_status/billinfo.aspx?id=1109&inflect=2
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