8feb01...0035h

2001 SESSION

01-0144

05/01

HOUSE BILL 175-FN-LOCAL

AN ACT relative to the amount of the homestead right.

COMMITTEE: Judiciary

AMENDED ANALYSIS

This bill increases the amount of the homestead right under RSA 480.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

8feb01...0035h

01-0144

05/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

AN ACT relative to the amount of the homestead right.

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

70:1 Homesteads; Amount. Amend RSA 480:1 to read as follows:

480:1 Amount. Every person is entitled to [$30,000] $50,000 worth of his or her homestead, or of his or her interest therein, as a homestead. The homestead right created by this chapter shall exist in manufactured housing, as defined by RSA 674:31, which is owned and occupied as a dwelling by the same person but shall not exist in the land upon which the manufactured housing is situated if that land is not also owned by the owner of the manufactured housing.

70:2 Effective Date. This act shall take effect January 1, 2002.

(Approved: June 19, 2001)

(Effective Date: January 1, 2002)