New Hampshire HB 1021: amending the date to provide written notice to a municipality of a taxpayer's election to be assessed under the low-income housing tax credit program.

Bill Text

HB 1021 - AS AMENDED BY THE SENATE

05/07/2026 1597s

2026 SESSION

 26-2342

 07/05

HOUSE BILL 1021

AN ACT amending the date to provide written notice to a municipality of a taxpayer's election to be assessed under the low-income housing tax credit program.

SPONSORS: Rep. Walker, Straf. 19; Rep. J. MacDonald, Carr. 6; Rep. Maggiore, Rock. 23

COMMITTEE: Housing

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ANALYSIS

 This bill amends the date to provide written notice to a municipality of a taxpayer's election to be assessed under the low-income housing tax credit program.

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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05/07/2026 1597s 26-2342

 07/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT amending the date to provide written notice to a municipality of a taxpayer's election to be assessed under the low-income housing tax credit program.

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

 1 Taxation; Appraisal of Taxable Property; Residential Property Subject to Housing Covenant Under the Low-Income Housing Tax Credit Program. Amend RSA 75:1-a, I to read as follows: 

 I. To make an election for an appraisal of property subject to a housing covenant under the low-income housing tax credit program, the taxpayer shall, [by October 1 preceding the tax year for which the election is sought] on or before April 15, provide written notice to the municipality of the taxpayer's election to be assessed under this section, using a form prepared by the department of revenue administration. A property that as of April 1 of the tax year is under construction shall not be eligible to apply for assessment under this section.

 2 Effective Date. This act shall take effect January 1, 2027.