HB1707: creating an additional property tax for certain unoccupied properties and creating a housing transfer tax exemption for certain low- and moderate-income home buyers.

Related law links

RSA references from bill data

• 72 · amend · effective 2027-04-01

  ted by the Senate and House of Representatives in General Court convened: 1 New Section; Taxation; Persons and Property Liable to Taxation; Supplemental Residence Tax. Amend RSA 72 by inserting after section 6-a the following new section: 72:6-b Unoccupied Housing Tax. Any owner of property that is unoccupied for at least 6 months of the tax year, or is occupied as a short-term rental for at l

• 78-B · amend · effective 2027-04-01

  d on that property to any municipality, city, town, village, or unincorporated place. 2 New Section; Taxation; Tax on Transfer of Real Property; Transfer Tax Exemption. Amend RSA 78-B by inserting after section 13 the following new section: 78-B:14 Transfer Tax Exemption. I. There shall be a one-time exemption allowed against the entirety of the tax due under this chapter in any given tax yea

• 78-B:2 · reference · effective 2027-04-01

  tax year, or something else. Additionally, DRA also notes the proposed legislation creates new RSA section 78-B:14, but that RETT has many other exemptions that are contained in RSA 78-B:2. Using available property and census data, DRA estimates that the SRT could potentially generate approximately $922.6 million annually, though this figure is based on assumptions and approximations that may not fully

RSAs mentioned by this document

• RSA 72 · PERSONS AND PROPERTY LIABLE TO TAXATION
• RSA 78-B · TAX ON TRANSFER OF REAL PROPERTY
• RSA 78-B:2 · Exceptions