SB 454-FN (2024): increasing the annual real estate transfer tax revenue contribution to the affordable housing fund.

SB 454-FN (2024)

increasing the annual real estate transfer tax revenue contribution to the affordable housing fund.

• Status: Died on the table
• Term: 2023-2024
• House committee: Ways and Means
• Senate committee: Finance
• Subject: Housing

The Story

It was introduced on January 3, 2024 and referred to the Senate Finance committee. The committee held a public hearing on January 9, 2024. The committee voted unanimously, 7–0, to recommend that the Senate pass it with changes (amendment 2024-0365s). The committee's amendment (2024-0365s) was adopted on a voice vote on February 8, 2024, changing the text of the bill. On February 8, 2024 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House on February 22, 2024 and was referred to the House Ways and Means committee. The committee held a public hearing on March 11, 2024, with 10 people signed in online: 5 in support and 5 in opposition. The committee met in executive session on March 26, 2024 to vote on its recommendation. The majority recommended that the House study it after the session ends, and the minority recommended that the House pass it, by a vote of 11–8. The report was placed on the regular calendar. On May 2, 2024 the House adopted “Lay SB454 on Table” on a division vote 180–176, on a motion by Rep. Joe Sweeney. The bill died on the table when the session ended on October 10, 2024, having been set aside and never taken back up.

Sponsors

• Sen. Daniel Innis (R - SD7) (prime sponsor)
• Sen. David Watters (D - SD4)
• Sen. Carrie Gendreau (R - SD1)
• Sen. Rebecca Perkins Kwoka (D - SD21)
• Sen. Jeb Bradley (R - SD3)
• Sen. Debra Altschiller (D - SD24)
• Sen. Donna Soucy (D - SD18)
• Sen. Sharon Carson (R - SD14)
• Sen. Cindy Rosenwald (D - SD13)
• Sen. Ruth Ward (R - SD8)
• Sen. Shannon Chandley (D - SD11)
• Rep. Tracy Emerick (R - Rock 29)

Hearings and Sessions

• January 9, 2024, 1:00 PM: hearing, Senate Finance, SH 103
• March 11, 2024, 1:30 PM: public hearing, House Ways and Means, LOB 202-204
• March 26, 2024, 11:00 AM: executive session, House Ways and Means, LOB 202-204

Votes

• February 8, 2024, Senate: Ought to Pass with Amendment 2024-0365s — voice vote, passed
• May 2, 2024, House: Lay SB454 on Table — yeas 180, nays 176, passed

The Docket

Laws It Would Change

• RSA 78-B:13

From the General Court

• Bill text
• Bill status page
• Docket
• SC 6
• HC 17, page 28