HB1103

Expands tax relief for properties converted from office, commercial, or industrial use to residential use.

New Hampshire HB1103 amends tax relief provisions to allow municipalities to provide tax breaks for buildings converted from office, commercial, or industrial use to residential use. This applies to structures in designated residential conversion zones. The tax relief can last up to 15 years if workforce housing is created. The bill also allows municipalities to establish housing opportunity zones for additional tax relief, provided at least one-third of the housing units are for households with incomes at or below 80% of the area median income.