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New Hampshire proposes taxes on second homes and vacant properties to boost housing supply and generate over $900 million.
New Hampshire lawmakers are advancing two bills to tackle the housing crisis: one proposes a 0.75% tax on second homes and short-term rentals over $500,000 not used as primary residences, generating revenue for local communities; the other would tax unoccupied or seasonally rented properties for more than half the year, regardless of value, to encourage housing availability.
Both aim to increase housing supply and generate funds, with estimates of over $900 million in potential revenue.
Supporters argue the measures promote fairness during shortages, while critics, including property owners and some lawmakers, warn of financial burdens and unfair targeting of wealth.
The proposals face scrutiny over implementation and equity, with both bills set for subcommittee review.
New Hampshire propone impuestos a las segundas viviendas y propiedades vacías para impulsar la oferta de viviendas y generar más de $900 millones.