CHAPTER 169
SB 226-LOCAL - FINAL VERSION
03/20/03 0711s
2003 SESSION
08/01
SENATE BILL 226-LOCAL
AN ACT increasing the homestead exemption.
SPONSORS: Sen. Sapareto, Dist 19; Sen. Odell, Dist 8; Sen. Cohen, Dist 24; Sen. Below, Dist 5; Rep. Dupuis, Rock 77; Rep. Wiley, Rock 77; Rep. Dickinson, Carr 4; Rep. Giuda, Graf 13; Rep. Morris, Rock 84
COMMITTEE: Executive Departments and Administration
The bill increases the amount of the homestead right under RSA 480.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/20/03 0711s
03-0445
08/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT increasing the homestead exemption.
Be it Enacted by the Senate and House of Representatives in General Court convened:
169:1 Homesteads; Amount Increased. Amend RSA 480:1 to read as follows:
480:1 Amount. Every person is entitled to [$50,000] $100,000 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.
169:2 Effective Date. This act shall take effect January 1, 2004.
(Approved: Enacted in accordance with Article 44, Part II, N.H. Constitution, without signature of Governor, June 18, 2003)
(Effective Date: January 1, 2004)