HB 333-FN-A - AS INTRODUCED
2001 SESSION
09/10
HOUSE BILL 333-FN-A
AN ACT relative to the rate of the real estate transfer tax.
SPONSORS: Rep. Mirski, Graf 12; Rep. Dokmo, Hills 14; Rep. Poulin, Merr 14
This bill reduces the rate of the real estate transfer tax from $.75 per $100 to $.50 per $100 and repeals the requirement that a portion of real estate transfer tax revenues be deposited in the education trust fund.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0670
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to the rate of the real estate transfer tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Real Estate Transfer Tax; Rate Reduced. Amend RSA 78-B:1, I(b) to read as follows:
(b) The rate of the tax is [$.75] $.50 per $100, or fractional part thereof, of the price or consideration for such sale, grant, or transfer; except that where the price or consideration is $4,000 or less there shall be a minimum tax of $20. The tax imposed shall be computed to the nearest whole dollar.
2 Repeal. The following are repealed:
I. RSA 78-B:13, relative to distribution of real estate transfer tax funds.
II. RSA 198:39, I(e), relative to real estate transfer tax funds deposited in the education trust fund.
3 Effective Date. This act shall take effect July 1, 2001.
LBAO
01-0670
1/23/01
HB 333-FN-A - FISCAL NOTE
AN ACT relative to the rate of real estate transfer tax.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from an agency.