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SB 173 · 2025 · Senate · Commerce Committee

Assessing low-income housing properties

AI-generated

relative to residential property subject to housing covenants under the low income housing tax credit program.

Provides that residential property subject to a housing covenant under the low income housing tax credit program shall be assessed at an amount equal to 10 percent of actual rental and certain other income.AI-generated

Status

Signed into law · June 24, 2025
  1. ✓Introduced
  2. ✓Senate
  3. ✓House
  4. ✓Governor
  5. ✓Law

Analysis

This bill provides that residential property subject to a housing covenant under the low income housing tax credit program shall be assessed an amount equal to 10 percent of the actual rental income and certain other income.

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Keith MurphyRPrimeDeputy President Pro Tempore
  • Sen. Rebecca Perkins KwokaDMinority Leader
  • Sen. Howard PearlRChair· Executive Departments and Administration
  • Rep. Jason OsborneRMajority Leader
  • Rep. Joe AlexanderRChair· Housing

Also: Sen. Tim McGoughR

Public testimony

59 signed in online · 5 wrote testimony

97% support3% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Lines of communication between parents and schools does not need to be managed in this way.”
— Laurie MacKenzie, Wearesupports
“I support this bill. Please don't put low income housing tax credit program in jeopardy.”
— Anne Eiseman, Durhamnsupports
“Nick Taylor said he is for the bill because developers can't pass rising costs onto their renters, but why should the costs be passed to other properties in town who'd have to pay more to make up for it? ..... .... Diana Lush (spelling?)…”
— Maura Annette Chappelle, Coös countyopposes
“This bill screws taxpayers by giving tax breaks to multimillionaire mass housing developers as your neighborhood is trashed by their multiplex block housing illegal aliens. Sponsor is the same guy pushing all this build-out NH for pals.”
— Daniel Richardson, Nashuaopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Hearings

  • 2025-02-209:30 amSenate CommerceSH 100Public hearing
  • 2025-04-089:30 amHouse HousingLOB 301-303Public hearingrescheduled

Legislative history

  1. Jan 9, 2025SenIntroduced 01/09/2025 and Referred to Commerce; SJ 3
  2. Feb 20, 2025SenHearing: 02/20/2025, Room 100, SH, 09:45 am; SC 10
  3. Mar 20, 2025Sen: Ought to Pass, 03/20/2025; Vote 6-0; CC; SC 13
  4. Mar 20, 2025SenOught to Pass: MA, VV; OT3rdg; 03/20/2025; SJ 8
  5. Mar 27, 2025HouseIntroduced (in recess of) 03/27/2025 and referred to Housing HJ 11 P. 112
  6. Apr 8, 2025HousePublic Hearing: 04/08/2025 10:00 am LOB 305
  7. May 6, 2025House==CANCELLED== Executive Session: 05/06/2025 10:00 am LOB 305
  8. May 1, 2025HouseExecutive Session: 05/01/2025 11:40 am LOB 305
  9. May 1, 2025House: Ought to Pass 05/01/2025 (Vote 15-0; CC) HC 23 P. 9
  10. May 8, 2025HouseOught to Pass: MA VV 05/08/2025 HJ 14 P. 11
  11. May 8, 2025HouseReferred to Ways and Means 05/08/2025 HJ 14 P. 11
  12. May 8, 2025HouseReferral Waived by Committee Chair per House Rule 47(f) 05/08/2025 HJ 14 P. 42
  13. Jun 12, 2025HouseEnrolled (in recess of) 06/12/2025 HJ 17 P. 24
  14. Jun 12, 2025SenEnrolled Adopted, VV, (In recess 06/12/2025); SJ 17
  15. Jun 24, 2025SenSigned by the Governor on 06/24/2025; Chapter 0120; Effective 07/01/2025

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.