New Hampshire Real Estate Blog

Important Update for New Hampshire Home owners and REALTORS.

Yesterday members of the New Hampshire Association of REALTORS attended a public hearing of the House Ways and Means Committee in an attempt to fight the proposed House Bill 868.

The battle waged was important and like all thing in life there were many twists and turns along the way. Yesterday a few of us attended the hearing or ventured to Concord to sign and register our opposition and the outcome was not what we wanted because there was an unexpected change/amendment to the original bill…however the new amendment which would require an increase in the Transfer Tax by some 4% is something we also strongly oppose! You can read more about this important issue on my blog.

Below I’ve re-printed the announcement by the NH Association of REALTORS.

Special Announcement

Legislative Update: House Bill 868

Thank you to all REALTORS® who took the time to call members of the House Ways and Means Committee following Wednesday’s Board of Directors meeting, and particularly to the 20 who attended Thursday’s public hearing to oppose House Bill 868, the proposed increase in deeds recording fees to support LCHIP.
In a turn of events, the prime sponsor of HB 868, recognizing the flaws in the bill’s original language, offered an amendment which, rather than increasing the deeds recording fee, would increase the real estate transfer tax by 4 percent.
Despite the amendment, REALTORS® remain fundamentally opposed to the legislation, as it would still mean an additional real estate tax and a dedicated fund. NHAR testified in opposition to both the original and amended bill at the hearing.
The House Ways and Means Committee will now schedule a work session for next week to further discuss the legislation and the concerns of NHAR and other interested parties.

We’ll continue to keep you informed as to the bill’s status and how you can help as this legislation works its way through the process.
Thanks for your continued support.

Monika McGillicuddy
Prudential Verani Realty
Hampstead NH
603-548-7728

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