Transcript Highlights:

• I mean, well, the value of the land is wrapped up in the value of the property.
• the value of the property.
• The property, their property right, is based on the property sitting on top of the land.
• So, yeah, it’s, you know, the problem with the argument is that the leasehold property value is actually
• “But transferring the property value of the leasehold to the tenant is entirely inappropriate from our

Summary: The committee heard AB 736, a proposed $10 billion Affordable Housing Bond Act of 2026, with Assembly Member Buffy Wicks and numerous housing, local government, labor, and advocacy groups testifying in strong support. Supporters said the bond would fund multifamily housing, permanent supportive housing, homeownership, preservation, farmworker, tribal, and other programs, and argued that the state needs new capital because prior bond funds are exhausted and many shovel-ready projects are waiting. Habitat for Humanity California opposed the bill unless it was amended to dedicate 10% of bond proceeds to Cal Home for affordable homeownership, and several senators said they supported the bond but wanted Cal Home strengthened. The committee voted do pass to Senate Appropriations, with the measure placed on call for absent members. The committee also heard SB 1361 by Senator Durazo, which would limit local governments from using SB 79 transit-oriented housing requirements as a reason to stall or condition planned transit projects. Los Angeles Metro, the Building Trades, and several cities and advocacy groups supported the bill, saying it would protect transit investments, jobs, and federal funding from opposition tied to future density around transit stops. Several groups that had initially opposed or been concerned about the bill, including West Hollywood, Streets for All, Greenbelt Alliance, California YIMBY, and the Bay Area Council, withdrew opposition or moved to neutral after amendments. The committee approved the bill as amended to Senate Local Government, with the measure also placed on call. Senator Grayson presented SB 1003, creating an Infrastructure Partnership Financing Program to help local governments and developers fund infrastructure needed for infill housing, and SB 1014, which would require local agencies to provide early, good-faith estimates and itemized lists of required on-site and off-site improvements for housing projects. Both bills were supported by housing advocates, Habitat for Humanity, SPUR, and industry groups, who said the measures would reduce uncertainty, late fees, and project delays. The committee advanced both bills as amended to Senate Appropriations, placing them on call. The committee also took up SB 908, which streamlines energy-code-compliant window replacement and limits aesthetic review, especially for residential replacements; it passed as amended to Appropriations after support from affordable housing and green building groups and no opposition. Later, Senator Allen presented SB 1092 and SB 1093 on mobile home park preservation and post-disaster protections. SB 1092 would give residents notice and an opportunity to make a competing bid when a park owner intends to sell, with supporters arguing it would help preserve unsubsidized affordable housing and protect displaced residents, while park owner representatives argued it would devalue properties, create litigation risk, and interfere with market transactions. SB 1093 would require more communication, access, and consideration of rebuilding or closure after disasters, and would restore certain resident reimbursement rights; supporters cited the Palisades fire and survey data showing residents lacked information and access, while opponents said the bill imposed onerous timelines, liability issues, and penalties and could force owners into rebuilding or compensation assumptions they disputed. Both bills were discussed at length, but the transcript ends before final recorded votes on them.

Transcript Highlights:

• Like, you know, I know if I own a property in law and the value of the property is a million dollars,
• Allowing seniors to defer their property taxes until the property is sold would be an immense relief
• value of homes.
• Rising property values are driven by new developments and new homeowners who can afford these higher
• ... ...eligibility for benefits, especially in relation to property value assessments, which often vary

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on bills related to senior and disability property tax relief, with a focus on helping older adults and people with disabilities remain in their homes. Testimony supported H. 3968, which would make certain senior and disability property tax exemptions permanent so eligible residents would not have to refile annually, and H. 3198, which would expand the senior circuit breaker tax credit by indexing income and credit limits to cost of living and raising the home valuation cap from $1.1 million to $1.5 million. Representative Scanlan also testified in favor of several additional bills, including a local option motor vehicle excise tax exemption for low-income seniors and veterans, a local property tax cap for low-income seniors, an expanded senior property tax exemption, and a senior property tax deferral program designed to be revenue neutral over time. Witnesses from the City of Boston, the Massachusetts Municipal Association, and the Massachusetts Association of Assessing Officers generally supported local-option property tax relief measures and said they would help seniors age in place while giving municipalities flexibility. Committee members raised concerns about possible abuse or fraud if exemptions became permanent, and about how assessors would verify continued eligibility without annual reapplication. Supporters responded that eligibility could still be tied to real estate transactions and other documentation, and that the current annual filing requirement causes many eligible seniors to miss out on benefits. Mass Senior Action Council members testified that many seniors are struggling with rising property taxes, insurance, and other costs, and urged broader reforms such as freezing assessed values, improving outreach, strengthening the work-off program, and allowing more flexible payment or deferral options. No votes were taken; the hearing concluded after testimony and questions.

Transcript Highlights:

• fence is on, we get that value.
• a sentimental value and not an economic value on things.
• And again, you actually increase the value of their property because if they’d ever sell their property
• a sentimental value and not an economic value on things.
• And again, you actually increase the value of their property because if they’d ever sell their property

Keywords: 959, house, all

Transcript Highlights:

• appropriate value, whether it's somewhere in the middle.
• The values have to be reported to the CAI clerk.
• and not commercial property for tax purposes.
• , when we hand a developer a property tax abatement, we shouldn't then turn around and put that property
• They don't pay the sales tax, the property tax.

Keywords: 959, house, all

Transcript Highlights:

• Property referred to the subcommittee on property tax appraisals hr31 by guillen proposing a constitution
• HRF and the portion of the assessed value of a person's property that is attributable to the installation
• Legislature to limit the maximum appraised value of the real property for the ad valorem of tax purposes
• of a real property for tax purposes referred to the committee on subcommittee on property tax appraisals
• to make permanent the limit on maximum appraised values of real property other than residential homesteads

Keywords: 1184, house, all

Transcript Highlights:

• As condition of the budding property.
• It's to be disposed at a fair market value or at a value that the governor and council come to.
• property property in<00:25:40.080> statute.
• <00:25:43.600> the fair market value or at a value that the fair market value or at a value
• c><00:25:54.559> that<00:25:54.720> they value of the property is that they value of the

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met and first approved the June 30, 2025 meeting minutes. The committee then took up a series of Department of Transportation property actions, including authorization to grant an access point in Exeter, sell two small tracts in Keene, amend a prior Guilford disposal based on a revised survey and appraisal, sell 0.42 acres in Lincoln, list and sell 9.77 acres in Chesterfield, sell 0.54 acres in Fremont, and approve a permanent access easement in Belmont. The committee also approved a utility easement in Albany and a permanent access easement on Route 153 for the Bickfords. Most of these items involved direct sales or listings, administrative fees of $1,100, and conditions requiring surveys and local/state approvals; several were approved unanimously after brief or no questions. Representative Faulkner declared a conflict of interest on the Chesterfield item, and Representative Newman sat in for that matter; later, Faulkner was recused from the Belmont item as well. The committee also approved a Department of Administrative Services request to grant a perpetual utility line easement to Public Service Company of New Hampshire for a facility under construction at the Hampstead hospital property, with the administrative fee waived because the grant was in exchange for utility service. During discussion of informational item LRCP25-038, staff explained that no committee action was needed because the item was only to notify members that a parcel’s fair market value had been reduced due to a change in access. The committee received additional informational materials from the New Hampshire Council on Resources and Development, including minutes from its May 8 meeting and memorandums on surplus land review for Meredith and Hampstead. The next meeting was set for December 9 at 9:30 a.m. at Granite Place, Room 228, and the chair noted the meeting would be on a Tuesday because of building scheduling. The committee then adjourned.

Transcript Highlights:

• Existing property tax law already provides that the property tax base-year value of real property that
• tax base-year values by up to three years for properties located in that county.
• Government to increase the threshold for tax exemptions on low-value properties.
• SB 723 ensures tax scale property small-scale property owners and low-value asset holders aren't overburdened
• So, therefore, I think this bill will definitely help many small business owners and low property value

Summary: The Assembly Revenue and Taxation Committee met after several delays while waiting for the Senate to finish its floor session, and the chair announced the committee would begin once a quorum was established. The committee then heard a series of tax-related bills, with most measures being held for suspense except SB 87, which was voted out. The chair also welcomed newly appointed committee member Assembly Member Juan Carrillo. SB 359 would clarify that county-run transit systems qualify for existing sales and use tax exemptions on transit fuels such as diesel and compressed natural gas. Senator Nilo and Placer County testified that the bill would correct an inequity affecting counties operating their own transit services, especially rural counties, and would not create a new state revenue loss because the tax had not been consistently collected. Support came from the California Transit Association and the California State Association of Counties; the bill was sent to suspense. SB 603 would allow county boards of supervisors in disaster-affected counties to extend by up to three years the five-year deadline for transferring a property tax base-year value to replacement property. The author and supporters, including the California Assessors Association and the California Association of Realtors, said the measure would give local governments flexibility to address post-disaster rebuilding delays. SB 293 would extend the deadline for filing intergenerational property transfer claims from six months to three years for disaster-impacted homeowners, with testimony focused on helping families in Altadena and preserving generational homes after the Eaton Fire; the committee discussed possible refinements and the bill was held in suspense. SB 353 would extend the farm-to-food-bank tax credit through 2032, with support emphasizing food security, waste reduction, and the program’s documented results; it too was sent to suspense. SB 723 would raise the threshold for property tax exemptions on low-value properties, with the author arguing it would reduce administrative costs and ease burdens on small businesses, and the committee asked for technical work before the bill was held in suspense. SB 785 would create a $5,000 tax credit for durable medical equipment used by children with complex medical conditions, with supporters saying it could prevent hospitalizations and help families keep medically fragile children at home; it was also sent to suspense. SB 87, which would extend the sales tax exemption for volunteer fire department fundraising activities for five more years, passed the committee on a 5-0 vote and was sent to the Assembly Appropriations Committee.

Transcript Highlights:

• assessed value of different value assessed value of property<02:00:41.920> just<02:00:42.239>
• value of property for everything<02:00:46.719> else.
• property values, um, taking into property values, um, taking into consideration<02:40:15.120>
• So, we equalize all the property values across the state.
• My property value of the housing is?

Keywords: 1189, house, all

Transcript Highlights:

• on January 1st is the market value of the property.
• If the owner purchases the property, the purchase price of the property is considered the market value
• Increases in that appraised value of the property for subsequent tax years based on the inflation rate
• on January 1st is the market value of the property.
• If the owner purchased the property, the purchase price of the property is considered the market value

Keywords: 1184, house, all

Transcript Highlights:

• property tax relief to the people.
• This is a huge one-time property tax rebate for 2.7 million property taxpayers.
• property tax relief to the people. property tax relief to the people.
• their 2027 property taxes. their 2027 property taxes.
• value that it's actually worth. value that it's actually worth.

Keywords: 1183, house

Summary: The House convened with prayer, the Pledge of Allegiance, roll call, and approval of the previous day’s journal. The chamber received Senate messages announcing a joint convention for the governor’s message and transmitting Senate Files 1251, 3769, and 3868. The House also introduced House Files 4868 through 4933 and adopted committee reports and comparison report motions without objection. The Rules Committee placed several bills on the calendar and required pre-filing of amendments for specified measures. On the calendar, the House passed Senate File 3602, which enacts the Uniform Electronic Estate Planning Documents Act and expands electronic signing to estate planning documents beyond wills. Supporters said it would help people who are homebound, hospitalized, or in rural areas and reduce uncertainty for banks and hospitals about electronically signed powers of attorney and health care directives. The bill passed 134-0. The House also passed House File 3516, a Board of Dentistry policy bill that updates licensure language, allows retired dentists to serve low-income uninsured patients, and increases the number of dental hygienists a dentist may collaborate with from four to eight; it passed 134-0. The House then passed House File 3528, a technical barbering bill that reduces training and retesting burdens, gives the board more testing flexibility, repeals duplicative rules, clarifies that waxing is not barbering, and makes other fee and registration changes; it passed 134-0. House File 3718, updating veterinary medicine and veterinary technology statutes, was amended to restore board seal language and then passed 134-0 as amended. Supporters said it modernizes definitions and standards, recognizes licensed veterinary technicians, and may help address veterinary shortages, especially in greater Minnesota. Finally, the House passed Senate File 3402, which broadens who may serve as a medical consultant for Community Health Boards to include additional licensed professionals such as DOs, physician assistants, and advanced practice registered nurses; it passed 134-0. The chamber also considered several motions to move bills between committees, including referrals involving veterans, education, health, and psilocybin-related legislation. A motion to suspend the rules for House File 4487 was presented, and the bill was described as providing a one-time $1 billion property tax rebate or credit, but the transcript cuts off during extended debate on that motion before any final disposition is shown.

Transcript Highlights:

• It's to be disposed at a fair market value or at a value that the governor and council come to.
• It's to be disposed at a fair market value or at a value that the governor and council come to.
• property property in<00:25:40.080> statute.
• <00:25:43.600> the fair market value or at a value that the fair market value or at a value
• c><00:25:54.559> that<00:25:54.720> they value of the property is that they value of the

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met and approved the minutes from June 30, 2025. There was no old business. The committee then heard a series of New Hampshire Department of Transportation requests involving the sale or disposal of state-owned land and easements, including an access point sale in Exeter, land sales in Keene, Guilford, Lincoln, Conway, Chesterfield, Fremont, Belmont, and a utility easement in Albany. Most items were direct sales to abutters or towns, with conditions such as obtaining local and state approvals, commissioning boundary surveys, and paying administrative fees; each of these items was approved by motion and vote. One Guilford parcel was amended to reflect a smaller surveyed area and reduced appraised value before approval. The committee also approved a permanent access easement for a single-family residence on Route 153 in support of the Bickford property. The committee then considered a Department of Administrative Services item, presented as a substitution replacement, authorizing a perpetual utility line easement to Public Service Company of New Hampshire for a facility under construction on the Hampstead hospital property that will serve as the replacement facility for the Manchester senior center. The department requested waiver of the administrative fee because the easement was being granted in exchange for utility service, and the committee approved the request. An informational item, LRCP25-038, was discussed regarding a reduction in fair market value due to a change in access; staff explained no committee action was required because the item was informational only. Additional informational materials from the New Hampshire Council on Resources and Development were received, including meeting minutes and surplus land review memorandums for Meredith and Hampstead. Before adjourning, the committee set its next meeting for December 9 at 9:30 a.m. at Granite Place, Room 228, noting the meeting would be on a Tuesday rather than Monday because of building scheduling. The meeting concluded with a motion to adjourn, which was seconded and approved.

Transcript Highlights:

• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• A staff appraiser from the Department evaluated the property based on its contributory value, which was
• based on its contributive the property based on its contributive contributory<00:41:52.000> value
• > and<00:47:08.319> so properties or leasing properties and so properties or leasing properties

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent. The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity. Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.

Transcript Highlights:

• new ways to value to get value from new ways to value to get value from their<00:12:21.920> past
• <00:23:52.960> on property and we reassess their value on property and we reassess their value
• extra value on that existing footprint? extra value on that existing footprint?
• value to forest land, all power to them. value to forest land, all power to them.
• higher value product? higher value product?

Keywords: 928, house, all

Summary: The meeting opened with roll call and approval of the prior minutes, including a requested correction to Thomas Han’s statement about a Granite State Division of the Society of American Foresters subcommittee studying the timber yield tax and current use forest land tax assessment formula. The correction was adopted, and the minutes were then approved as amended. The main agenda item was a hearing of landowners on forest taxation and carbon credits. Several scheduled speakers canceled, so the committee received a letter from Ross Karen, a Coos County landowner and forester, who opposed carbon credit sales because of “leakage” and argued that diverse local markets and productive forests are better than carbon sales. Aean Kelly of White Mountain Lumber and the Randolph Town Forest also testified, saying many Coos County landowners and forest managers have declined carbon credit offers because they do not fit New Hampshire’s working-forest tradition. He argued that carbon agreements should be treated on a level playing field with traditional harvesting and that, if they are to be encouraged, they should face a fiscal adjustment comparable to the timber tax. Kelly also gave a detailed history of the timber tax, explaining that it was created in 1948 to replace uneven local property taxation on standing timber, discourage clearcutting, and stabilize the tax base while preserving working forests. He said the tax was intended to be collected when timber is harvested, not to stop logging, and that a later commission found the 10% rate roughly matched the revenue towns lost. In response to questions, he said pre-1948 assessments varied widely by town and tax collector, and that carbon projects today are already being valued by sophisticated models, so he believes carbon should be included in the assessment system. He also said short-term carbon agreements may simply monetize existing forest value, while 100-year agreements raise enforceability concerns. No votes or other formal actions were taken beyond approving the amended minutes.

Transcript Highlights:

• the property on January 1st is the market value of the property and that if the owner purchased the
• property, the purchase price of the property is considered by to be the market value of the property
• January 1st is the market value of the property and that if the owner purchased the property, the purchase
• price of the property is considered to be the market value of the property for that tax year and to
• limit the increases of the appraised value of the property for subsequent tax years based on inflation

Transcript Highlights:

• property or occupants.
• Uh, uh, value to your property because of, uh, they changed the zoning.
• So how do you determine that that fair value and the fair timeline to, you know, to for the property
• Have you all ever been challenged with market value being not appropriate and maybe replacement value
• of the property.

Bills: HB24

Keywords: groundwater, conservation, water permits, sustainability, resource management

Transcript Highlights:

• resial property. resial property. equipment. equipment. equipment.
• properties doing some of this work. properties doing some of this work.
• What happens if you're doing landscaping on commercial property or industrial property?
• raising property taxes? raising property taxes?
• property taxes to subsidize property property taxes to subsidize property taxes<05:59:16.080>

Keywords: 1189, house, all

Transcript Highlights:

• It will at all times be based on whatever the property values are.
• So regardless of whether you were a town that has high property value or low property value, you're going
• <00:20:18.720> value, property value or low property value, property value or low property
• a half% of your property value. a half% of your property value.
• <01:30:46.560> a uh the property value um I'll mention a uh the property value um I'll mention

Keywords: 1189, house, all

Transcript Highlights:

• So that is... ...property used for industrial purposes means those properties valued under Wyoming Statute
• Uh, the first topic of the day for today is commercial property assessed values.
• > valued<00:33:46.159> uh Do are commercial properties valued uh Do are commercial properties
• or the value the worth of the property or the value of<00:34:41.520> the<00:34:41.760> property
• three approaches to value to value these properties.

Keywords: 916, all

Transcript Highlights:

• <01:11:29.679> go property go property go down?
• Thank you. number of dollars local property tax." number of dollars local property tax."
• And so, by and large, the local property taxes put a higher value on the generators than the state has
• is a utility property and what property is not a utility property. copies.
• purposes of property tax assessments. purposes of property tax assessments.

Keywords: 928, house, all

Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.

Transcript Highlights:

• Uh, the property value line, the first line there is showing the property value at the end of the year
• there is showing the the property line there is showing the the property value<01:31:31.920> at
• :04.560> the<01:32:04.800> property property value, I'm sorry, the property property value
• > at token and the value of the property at token and the value of the property at the<01:51:35.679
• on the value of individual properties. properties. properties.

Keywords: 1189, house, all

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.