Legislative Update: July 2, 2019
By BOB QUINN
Vice President of Government Affairs
A number of items relevant to the real estate industry have been included in the proposed state budget (House Bill 2) which has now passed out of both the House and Senate. It is anticipated that the Governor will veto HB 2, although both sides have expressed confidence that a compromise is within reach regarding the business tax rates, which are at the heart of the dispute.
House Bill 2 includes:
House Bill 2 also contains enacting language for Association Health Plans, originally in SB 228, although the statute will not go into effect unless the federal courts overturn a lower court prohibition on AHPs.
The Governor has expressed his support for each of these expenditures in HB 2. The major issue between the Governor and legislature is over business tax rates.
To view the most recent legislative chart, click here or view the attachment. If you have questions regarding these or any other pieces of legislation from the 2019 New Hampshire legislative session, please contact New Hampshire REALTORS Vice President of Government Affairs Bob Quinn at firstname.lastname@example.org or 603-225-5549.
"Amidst the sea of change to which the New Hampshire Association of REALTORS has played witness in its 85 years, one thing that has remained constant is the Realtor 'R' and the value we bring to every real estate transaction in which we take part. We are part of a unique community where our familial cooperation transcends our business competition. These are not mere platitudes, but our living ideals, and they are, in fact, the foundation on which we conduct ourselves in our day-to-day affairs."
Jim Lee, 2021 President, New Hampshire REALTORS