Bill Text: NH HB142 | 2019 | Regular Session | Introduced


Bill Title: Relative to liability for deferred property taxes.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced) 2019-02-15 - Committee Report: Inexpedient to Legislate (Vote 19-0; Consent Calendar) [HB142 Detail]

Download: New_Hampshire-2019-HB142-Introduced.html

HB 142 - AS INTRODUCED

 

 

2019 SESSION

19-0077

05/10

 

HOUSE BILL 142

 

AN ACT relative to liability for deferred property taxes.

 

SPONSORS: Rep. Belanger, Hills. 27; Rep. McGhee, Hills. 40; Rep. Carson, Merr. 7; Rep. St. John, Hills. 27; Rep. Beaulieu, Hills. 45; Sen. Gray, Dist 6

 

COMMITTEE: Municipal and County Government

 

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ANALYSIS

 

This bill provides that, if the owner of property subject to a tax deferral dies, the mortgage holder must pay all deferred taxes before selling the property in a foreclosure proceeding.

 

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0077

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to liability for deferred property taxes.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Persons and Property Liable to Taxation; Tax Deferral for Elderly and Disabled; Repayment of Taxes Deferred Prior to Foreclosure.  Amend RSA 72:38-a III to read as follows:

III.  If the property is subject to a mortgage, the owner must have the mortgage holder's approval of the tax deferral.  Such approval does not grant the town a preferential lien; however, if the property owner dies and the mortgage holder forecloses, the mortgage holder shall pay the deferred taxes plus any interest due in full and the municipality shall provide a recorded written release or satisfaction of the notice of tax deferral prior to sale of the property.

2  Effective Date.  This act shall take effect January 1, 2020.

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