Bill Text: NH SB74 | 2019 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relative to register of deeds fees used to support the land and community heritage investment program (LCHIP), and establishing a committee to study the economic impact of land conservation and to review the LCHIP surcharge.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Vetoed) 2019-09-19 - Veto Sustained 09/19/2019: Regular Calendar 212-143 Lacking Necessary Two-Thirds Vote House Journal 22 P. 8 [SB74 Detail]

Download: New_Hampshire-2019-SB74-Introduced.html

SB 74-FN-A - AS INTRODUCED

 

 

2019 SESSION

19-0843

10/05

 

SENATE BILL 74-FN-A

 

AN ACT relative to register of deeds fees used to support the land and community heritage investment program (LCHIP).

 

SPONSORS: Sen. Fuller Clark, Dist 21; Sen. Kahn, Dist 10; Sen. Cavanaugh, Dist 16; Rep. Tucker, Coos 5

 

COMMITTEE: Energy and Natural Resources

 

-----------------------------------------------------------------

 

ANALYSIS

 

This bill increases the fee assessed in addition to register of deeds recording fees used to support the land and community heritage investment program.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0843

10/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to register of deeds fees used to support the land and community heritage investment program (LCHIP).

 

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

 

1  Recording Fee; Surcharge; Land and Community Heritage Investment Program.  Amend RSA 478:17-g, II(a) to read as follows:

II.(a)  An additional charge of [$25] $35 shall also be assessed for recording each deed, mortgage, mortgage discharge or plan, but shall not be assessed for the recording of any other document.  The charge provided for herein shall be paid by the grantee in a deed, the grantor in a mortgage, the person or entity discharging a mortgage in the case of a discharge, and the primary owner of property shown on a plan.  The charge provided for in this section shall not be assessed for the recording of any documents in which the United States or any instrumentality thereof, the state, a state agency, a county, a municipality, a village district, or a school district is a party.

2  Effective Date.  This act shall take effect July 1, 2019.

 

LBAO

19-0843

12/28/18

 

SB 74-FN-A- FISCAL NOTE

AS INTRODUCED

 

AN ACT relative to register of deeds fees used to support the land and community heritage investment program (LCHIP).

 

FISCAL IMPACT:      [ X ] State              [ X ] County               [    ] Local              [    ] None

 

 

 

Estimated Increase / (Decrease)

STATE:

FY 2020

FY 2021

FY 2022

FY 2023

   Appropriation

$0

$0

$0

$0

   Revenue

$1,584,808

$1,584,808

$1,584,808

$1,584,808

   Expenditures

$0

$0

$0

$0

Funding Source:

  [    ] General            [    ] Education            [    ] Highway           [ X ] Other - Land and Community Heritage Investment Program (LCHIP) Recording Fee Surcharge (RSA 478:17-g, II(a)

 

 

 

 

 

METHODOLOGY:

This bill would increase the additional recording fee assessed for certain documents at the registries of deeds to support the Land and Community Heritage Investment Program (LCHIP).  The fee would increase by $10, from $25 to $35.  The Treasury calculated the increased fee amount from $25 to $35 as a 40% increase ($35-$25=$10  $10/$25=40%).  Treasury assumes the same level of activity in each fiscal year.  Based on FY 2018 unaudited revenues from the $25 fee of $3,962,020, an estimated increase of 40% to $35 would yield an additional $1,584,808 per year ($3,962,020 x 0.40 = $1,584,808).  

 

The Treasury and New Hampshire Association of Counties indicate there is no fiscal impact on the counties for this increased surcharge as the funds are still remitted to the state.

 

AGENCIES CONTACTED:

Treasury Department and New Hampshire Association of Counties

 

feedback