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HB 1786 · 2026 · House · Housing Committee

Luxury second home tax for housing

AI-generated

relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and making appropriations therefor.

Establishes a state assessment on non-homestead luxury second homes to fund a framework expanding affordable housing through financing, tax credits, workforce development, and municipal incentives, and creates a commission to study leveraging state borrowing for housing infrastructure.AI-generated

Status

Died on the table in the House · February 19, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill: I. Establishes a framework to expand affordable housing and housing-related infrastructure through financing, tax credits, workforce development, and municipal incentives. II. Establishes a multi-stakeholder commission to study how to leverage the state’s borrowing power to provide below-market financing for housing and infrastructure, including recommendations for a dedicated investment fund. III. Expands the community development finance authority’s investment tax credit program in phased amounts from FY 2026 to FY 2033, exclusively for housing and housing-related infrastructure projects. IV. Offsets the expanded tax credits by transferring equivalent revenue from a new luxury second home state assessment. V. Appropriates $15 million to the state workforce innovation fund to support building trades training, apprenticeships, tuition assistance, and supplemental apprentice wages. VI. Provides designated municipalities with access to grants, loans, expedited approvals, and financing tools to encourage housing production and infrastructure development. VII. Creates a nonlapsing fund to support municipal demolition of vacant or dilapidated buildings, administered by the department of business and economic affairs. VIII. Establishes a fund to assist regional planning commissions in updating housing needs assessments and fair share models. IX. Imposes a semi-annual assessment on residential properties over $1 million not used as a primary residence, with proceeds allocated to multiple housing-related programs and planning efforts

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Chris MunsDPrime
  • Rep. Connie LaneDRanking Member· Election Law
  • Rep. David PaigeDRanking Member· Housing
  • Rep. Ellen ReadDDeputy Ranking Member· Housing
  • Rep. Laurel StavisDRanking Member· Municipal and County Government
  • Sen. Rebecca Perkins KwokaDMinority Leader

Also: Rep. Efstathia BoorasD, Rep. Erica de VriesD, Rep. Karen HegnerD, Rep. Allan HowlandD, Rep. David PreeceD, Sen. Debra AltschillerD

Public testimony

1 signed in online · 1 wrote testimony

100% support0% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Mr. Chair and Members of the Housing Committee, I write in strong support of House Bill 1786, comprehensive legislation designed to address the most urgent economic challenge facing New Hampshire: our severe and persistent shortage of housing. Employers cannot recruit.…”
— David Preece, Manchestersupports

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

Read the testimony · as of Aug 12, 2026

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Housing HJ 1 P. 36
  2. Feb 17, 2026House==CANCELLED== Public Hearing: 02/17/2026 10:30 am GP 231
  3. Feb 13, 2026HouseCommittee Report: Without Recommendation (RC) HC 7 P. 34
  4. Feb 19, 2026HouseLay HB1786 on Table (Rep. Alexander Jr.): MA RC 189-158 02/19/2026 HJ 5 P. 86
  5. Mar 11, 2026HouseRemove from Table (Rep. Gallager):MF RC 100-236 03/11/2026 HJ 7 P. 96

Coverage

No reporting linked yet.

Documents (PDF)

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