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HB 1660 · 2026 · House · Housing Committee

Housing tax increment financing tools

AI-generated

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

Enables municipalities to enter into project-based credit enhancement agreements for housing development and clarifies the treatment of equalized valuation for housing-related tax increment financing.AI-generated

Status

Committee recommended Inexpedient to Legislate; died at adjournment · March 4, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

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.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as introduced. Passages chosen from the operative text.Computed by this site

“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.”
RSA 32:27
“This section shall enable municipalities to proactively use regional housing needs assessments and statewide housing guidance to identify appropriate housing projects for their communities, and shall employ credit enhancement agreements as a tool, among others, to encourage such development.”
RSA 162-K:9-a
“The municipality's annual report shall contain a financial report for any development district in the municipality.”
RSA 162-K:11
“Municipalities shall provide reasonable and realistic opportunities to senior housing access.”
RSA 674:59-a

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Daniel VeilleuxDPrimeDeputy Ranking Member· Transportation
  • Rep. Michael EdgarDDeputy Ranking Member· Public Works and Highways
  • Rep. David PaigeDRanking Member· Housing

Also: Rep. Paul DargieD, Rep. James GruberD, Rep. Stephanie GrundD, Rep. Mary MurphyR, Sen. David WattersD

Public testimony

14 signed in online · 1 wrote testimony

79% support21% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Tax Increment Financing (TIF) statutes structure a scam that proposes municipal infrastructure expenditure is an indirect carrot "incentive" for private property investment to create taxable valuation.…”
— Daniel Richardson, Nashuaopposes

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

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Mar 3, 2026HouseCommittee report· regular calendar: Inexpedient to Legislate9–8
    Overall
    53% yea

Hearings and debates

  • Feb 17, 2026Public hearingHouse HousingWatchno transcript for this stream — opens at the startPublic Hearing
  • Mar 3, 2026Public hearingHouse Housing1:51:46–1:52:531m 7slocated in the stream transcriptMajority Committee Report: Inexpedient to Legislate — roll call; Executive Session

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Housing HJ 1 P. 30
  2. Feb 17, 2026HousePublic Hearing: 02/17/2026 11:30 am GP 231
  3. Mar 3, 2026HouseExecutive Session: 03/03/2026 10:00 am GP 231
  4. Mar 3, 2026HouseMajority : Inexpedient to Legislate 03/03/2026 (Vote 9-8; RC) HC 10 P. 96
  5. Mar 4, 2026HouseMinority : Ought to Pass

Coverage

No reporting linked yet.

Documents (PDF)

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