Bill Text: NH HB633 | 2025 | Regular Session | Introduced
Bill Title: Relative to housing investment trusts.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced) 2025-02-20 - Executive Session: 03/12/2025 11:00 am Legislative Office Building 206-208 [HB633 Detail]
Download: New_Hampshire-2025-HB633-Introduced.html
HB 633-FN - AS INTRODUCED
2025 SESSION
25-0685
07/05
HOUSE BILL 633-FN
AN ACT relative to housing investment trusts.
SPONSORS: Rep. Daniels, Hills. 43; Rep. Sweeney, Rock. 25; Sen. Perkins Kwoka, Dist 21
COMMITTEE: Judiciary
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ANALYSIS
This bill adds "housing investment trusts" as a definition to New Hampshire's investment trusts act.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0685
07/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
AN ACT relative to housing investment trusts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Corporations, Associations, and Proprietors of Common Lands; Treatments of New Hampshire Investment Trusts; Definitions. Amend RSA 293-B:2 by inserting after paragraph VIII the following new paragraph:
IX. "Housing investment trust" means a "charitable organization," as defined under RSA 7:21, II(b), that has at least 3 trustees who are natural persons and resident of this state, another charitable organization, a bank or credit union as defined in RSA 383-A:2-201, or a combination thereof. "Housing investment trusts" under this paragraph shall be exempt from fees requirements under RSA 293-A:1.22 and RSA 293-B:15.
2 Effective Date. This act shall take effect 60 days after its passage.
25-0685
1/9/25
HB 633-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to housing investment trusts.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the Department of State. The Department was contacted on 1/4/25 for a fiscal note worksheet. When completed, the fiscal note will be forwarded to the House Clerk's Office.
AGENCIES CONTACTED:
Department of State
