New Hampshire HB 1660: relative to delinquent accounts of liquor licensees.

Bill Text

HB 1660 - AS INTRODUCED

2026 SESSION

 26-2904

 07/06

HOUSE BILL 1660

AN ACT relative to municipal credit enhancement agreements and tax increment financing for priority housing development.

SPONSORS: Rep. Veilleux, Hills. 34; Rep. Dargie, Hills. 43; Rep. Edgar, Rock. 29; Rep. Gruber, Ches. 16; Rep. Grund, Hills. 34; Rep. Mary Murphy, Hills. 27; Rep. D. Paige, Carr. 1; Sen. Watters, Dist 4

COMMITTEE: Housing

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ANALYSIS

This bill:

 I. Enables municipalities to enter into project-based credit enhancement agreements for housing.

 II. Clarifies equalized valuation treatment for housing-related tax increment financing.

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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 26-2904

 07/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT relative to municipal credit enhancement agreements and tax increment financing for priority housing development.

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

 1 Purpose. The general court hereby finds that: 

 I. New Hampshire municipalities currently have authority under RSA 162-K to establish tax increment financing (TIF) districts. 

 II. TIF districts allow a municipality to capture increases in property tax value within a designated district and direct those revenues toward public improvements. 

 III. Municipalities may also negotiate agreements with developers under a TIF framework, but these agreements are tied to district formation and primarily used for commercial development. 

 IV. Credit enhancement agreements (CEAs) provide communities with a tool to address an urgent need by incentivizing specific projects, tailoring requirements to local circumstances, and streamlining the process without requiring a TIF district designation. 

 V. New Hampshire faces a shortage of senior housing, skilled care facilities, and workforce housing. 

 VI. Current TIF law is not well-suited to housing because district formation is burdensome and politically contentious, particularly for small-scale projects. 

 VII. Without explicit statutory authority, municipalities lack a flexible tool to encourage housing construction or adaptive reuse projects. 

 VIII. Including housing-related captured assessed value in equalized valuation penalizes towns by artificially inflating their state property tax base, disincentivizing use of TIF for housing. 

 2 New Paragraphs; The State and Its Government; General Provisions; Equalization Procedure. Amend RSA 21-J:9-a by inserting after paragraph V the following new paragraphs: 

 VI. As it pertains to determining the equalization of property within the cities, towns, and unincorporated places, the department shall exclude from equalized valuation the rebated portion of housing-based captured assessed value. 

 VII. As it pertains to determining the equalization of property within the cities, towns, and unincorporated places, the department shall require that equalization values include commercial and industrial captured value. 

 VIII. The department shall adopt rules, pursuant to RSA 541-A, pertaining to proportional assessed property values and mixed-use allocations.

 IX. The department shall require property assessors to obtain certifications pertaining to their qualifications as property assessors, as determined by the department.

 X. The department shall require that property assessors report on credit enhancement agreement- and tax increment financing-related housing data.

 3 New Paragraph; The State and Its Government; Property Tax Rates; Reports Required. Amend RSA 21-J:34 by inserting after paragraph XV the following new paragraph: 

 XVI. An equalization report shall be filed by the local assessor of each city, town, village district, unincorporated town, unorganized place, or county, within 20 days of the close of each annual meeting by the city, town, village district, unincorporated town, unorganized place, or county, showing local data regarding credit enhancement agreements and mixed-use allocations. 

 4 New Section; Towns, Cities, Village Districts, And Unincorporated Places; Municipal Budget Law; Treatment of Credit Enhancement Agreements. Amend RSA 32 by inserting after section 26 the following new section: 

 32:27 Treatment of Credit Enhancement Agreements. Notwithstanding any provision of law to the contrary, all towns, cities, towns, village districts, unincorporated towns, unorganized places, and counties shall be required to treat rebates as non-lapsing special revenues, or otherwise require annual appropriations for purposes of transparency. 

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