New Hampshire HB1707 introduces a supplemental tax on unoccupied properties and exempts certain low- and moderate-income home buyers from transfer.

New Hampshire HB1707 amends the state's tax code to impose a supplemental tax on properties that remain unoccupied for at least six months or are used as short-term rentals for the same period. This tax applies to the total property taxes, fees, and interest owed on the property. Additionally, the bill creates a one-time exemption from transfer taxes for low- and moderate-income home buyers who meet specific criteria, such as not owning another property and having a household income at or below 100 percent of the median income for a three-person household in their area.

New Hampshire HB1707 introduces a supplemental tax on unoccupied properties and exempts certain low- and moderate-income home buyers from transfer.

New Hampshire HB1707 amends the state's tax code to impose a supplemental tax on properties that remain unoccupied for at least six months or are used as short-term rentals for the same period. This tax applies to the total property taxes, fees, and interest owed on the property. Additionally, the bill creates a one-time exemption from transfer taxes for low- and moderate-income home buyers who meet specific criteria, such as not owning another property and having a household income at or below 100 percent of the median income for a three-person household in their area.