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Bill

SB 55

providing temporary exemptions from the land use change tax for qualifying housing projects.

2025 Regular Session Introduced by Joe Alexander and 9 co-sponsors

SB 55 would have temporarily exempted qualifying housing projects from New Hampshire's land use change tax to reduce development costs, but the bill was killed in committee with a 6-0 "inexpedient to legislate" vote on March 20, 2025.

Inexpedient to Legislate, MA, VV === BILL KILLED ===; 03/20/2025; SJ 8
0
WeVote Research Nonpartisan
Bill Summary · SB 55

Legislative bill overview

SB 55 proposed temporary exemptions from New Hampshire's land use change tax for qualifying housing projects. The bill aimed to reduce a specific tax burden on residential development to incentivize housing construction during a defined period.

Why is this important

Housing affordability and development costs directly affect New Hampshire's ability to build needed housing units. Tax exemptions can lower barriers to residential projects, though they also reduce state tax revenue that might otherwise fund public services or infrastructure.

Potential points of contention

  • Revenue impact: Exempting housing projects from the land use change tax reduces state revenue, raising questions about how to offset lost income or fund existing programs
  • Equity concerns: Temporary exemptions may primarily benefit developers and builders rather than directly reducing housing costs for purchasers or renters
  • Market distortion: Tax incentives can artificially favor certain projects or time periods, potentially creating inefficient development patterns or benefiting some regions over others

Compiled from official sources — confirm details with the bill’s official record.

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