# New Hampshire SB173: relative to residential property subject to housing covenants under the low income housing tax credit program.

New Hampshire SB173, relative to residential property subject to housing covenants under the low income housing tax credit program., is a 2025-2026 Regular Session Senate bill sponsored by Keith R. Murphy (Republican); status signed, last action 2025-06-24 (Signed by the Governor on 06/24/2025; Chapter 0120; Effective 07/01/2025); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NH-SB173-2025-2026
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Hampshire SB173
- State: New Hampshire
- Session: 2025-2026 Regular Session
- Title: relative to residential property subject to housing covenants under the low income housing tax credit program.
- Status: signed
- Chamber: Senate
- Introduced: 2025-01-23
- Last action: 2025-06-24, Signed by the Governor on 06/24/2025; Chapter 0120; Effective 07/01/2025
- Sponsor: Keith R. Murphy (Republican)
- Cosponsors: 5
- Touches household money: yes
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New property tax option for affordable landlords: mixed, low. Beginning July 1, 2025, New Hampshire offers a property tax option for multifamily rentals under federal low-income housing tax credit covenants. Owners can choose annual taxes equal to 10% of actual rental income plus other income. The choice lasts for the next 10 tax years while the housing coven…

## Sponsors and cosponsors

- Sponsor: Keith R. Murphy (Republican), Senate
- Cosponsor: Jason M. Osborne (Republican), House
- Cosponsor: Joe H. Alexander (Republican), House
- Cosponsor: Tim McGough (Republican), Senate
- Cosponsor: Howard Pearl (r), Senate
- Cosponsor: Rebecca Perkins Kwoka (Democratic), Senate

## Actions (15)

- 2025-06-24: Signed by the Governor on 06/24/2025; Chapter 0120; Effective 07/01/2025 (Senate)
- 2025-06-16: Enrolled (in recess of) 06/12/2025 HJ 17 P. 24 (House)
- 2025-06-16: Enrolled Adopted, VV, (In recess 06/12/2025); SJ 17 (Senate)
- 2025-05-08: Referral Waived by Committee Chair per House Rule 47(f) 05/08/2025 HJ 14 P. 42 (House)
- 2025-05-08: Referred to Ways and Means 05/08/2025 HJ 14 P. 11 (House)
- 2025-05-08: Ought to Pass: MA VV 05/08/2025 HJ 14 P. 11 (House)
- 2025-05-01: Committee Report: Ought to Pass 05/01/2025 (Vote 15-0; CC) HC 23 P. 9 (House)
- 2025-05-01: Executive Session: 05/01/2025 11:40 am LOB 305 (House)
- 2025-04-23: ==CANCELLED== Executive Session: 05/06/2025 10:00 am LOB 305 (House)
- 2025-04-01: Public Hearing: 04/08/2025 10:00 am LOB 305 (House)
- 2025-03-28: Introduced (in recess of) 03/27/2025 and referred to Housing HJ 11 P. 112 (House)
- 2025-03-20: Ought to Pass: MA, VV; OT3rdg; 03/20/2025; SJ 8 (Senate)
- 2025-03-12: Committee Report: Ought to Pass, 03/20/2025; Vote 6-0; CC; SC 13 (Senate)
- 2025-02-13: Hearing: 02/20/2025, Room 100, SH, 09:45 am; SC 10 (Senate)
- 2025-01-23: Introduced 01/09/2025 and Referred to Commerce; SJ 3 (Senate)

## Bill text

- Enrolled, 2025-06-16: [HTML](https://gc.nh.gov/bill_status/billinfo.aspx?id=1109&inflession=2025)
- Introduced, 2025-01-23: [PDF](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=7934)
- CHAPTERED FINAL VERSION: [PDF](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=16499)
- Version adopted by both bodies: [PDF](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=13903)

## Related bills

- HB2026: (New Title) relative to the state 10-year transportation improvement plan; relative to toll rate adjustments and periodic toll reviews for the New Hampshire tu… (became law)
- HB1002: repealing the solar energy systems tax exemption. (failed)
- HB1834: relative to the education freedom account enrollment cap. (failed)
- SB101: (Second New Title) authorizing parents to enroll their children in any public school in the state. (failed)
- CACR22: relating to the compensation of the legislature. Providing that the present compensation per elected term for legislators is hereby abolished. (failed)
- HB1786: relative to creating a state assessment on non-homestead luxury second homes to fund statewide housing development programs and address housing shortages and m… (failed)

## Sources
- [Enrolled (HTML)](https://gc.nh.gov/bill_status/billinfo.aspx?id=1109&inflession=2025)
- [Introduced (PDF)](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=7934)
- [CHAPTERED FINAL VERSION (PDF)](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=16499)
- [Version adopted by both bodies (PDF)](https://gc.nh.gov/bill_status/pdf.aspx?q=billVersion&id=13903)

## Related
- [HB2026: (New Title) relative to the state 10-year transportation improvement plan; rela…](https://policyrisk.com/state-bill/NH-HB2026-2025-2026)
- [HB1002: repealing the solar energy systems tax exemption.](https://policyrisk.com/state-bill/NH-HB1002-2025-2026)
- [HB1834: relative to the education freedom account enrollment cap.](https://policyrisk.com/state-bill/NH-HB1834-2025-2026)
- [SB101: (Second New Title) authorizing parents to enroll their children in any public s…](https://policyrisk.com/state-bill/NH-SB101-2025-2026)
- [CACR22: relating to the compensation of the legislature. Providing that the present com…](https://policyrisk.com/state-bill/NH-CACR22-2025-2026)
- [HB1786: relative to creating a state assessment on non-homestead luxury second homes to…](https://policyrisk.com/state-bill/NH-HB1786-2025-2026)
- [New Hampshire bills](https://policyrisk.com/states/new-hampshire/bills)
- [New Hampshire state hub](https://policyrisk.com/states/new-hampshire)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/NH-SB173-2025-2026 (as of 2026-10-17).