Legislative Update: September 26, 2019
By BOB QUINN
Vice President of Government Affairs
After a nearly three-month impasse, Governor Sununu and the legislature reached agreement on a new state budget. Yesterday, both the House and Senate passed this new version of the biennium budget. Several NHAR priorities were included in the final bill.
The budget will provide $130 million in extra school funding, $40 million in state aid for cities and towns. It also keeps the business profits tax rate at 7.7 percent with a series of triggers that might cause that tax to increase or decrease in 2021 if revenue exceeds or underperforms expectations.
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