Rules to implement RSA 78-B, governing the taxability of various real estate transfers, are being revised Under RSA 541-A.  Comments are sought and a public hearing will be held on the amended rules. 

According to a form filed in the official Rulemaking Register, the chapter is being readopted with amendments to comply with the re-promulgation requirement of RSA 541-A. The rules provide guidance regarding the taxability of various real property transfers, application of exemptions and the determination of values and consideration. They also outline the responsibilities of the various parties when additional tax liabilities or refunds are determined, how to maintain records, the appeals process, and forms to be used.  The amendments reflect updates and new forms. The effect of the rule is that the transfer process is more clearly stated and understandable.

The deadline for written comments: January 9, 2006.

A public hearing to take comments will be held on December 28, 2005 at 10 a.m. at the NH Dept of Revenue Administration,  45 Chenell Drive, Concord  03301.

The following is a table of affected rules and statutes:

Rule                              Statute

Rev 801.01 – Rev 801.09            RSA 78-B:8

Rev 802.01                                RSA 78-B:2, RSA 78-B:8

Rev 802.02                                RSA 78-B:8, RSA78-B:1, I-a II, RSA 78-B:1 I-b, RSA 78-B:9

Rev 802-03 – Rev 802.04            RSA 78-B:8

Rev 802.05                                RSA 78-B:8, RSA 78-B:2, RSA 78-B:1I

Rev 802.06                                RSA 78-B:8

Rev 803.01 – Rev 803.02             RSA 78-B:8

Rev 804.01                                RSA 78-B:8

Rev 805.01 – Rev 805.03            RSA 78-B:8

Rev 806.01 – Rev 806.04            RSA 78-B:8

Rev 807.01                                RSA 78-B:8

Rev 807.02 – Rev 807.06            RSA 78-B:8, RSA 78-B:10 III

Rev 808.01 – Rev 808.02            RSA 78-B:8

Rev 809.01 – Rev 809.06             RSA 78-B:8

Rev 810.01                                RSA 21-J:3  RSA 21-J:28  RSA 78-B:8

Rev 810.02                                RSA 78-B:10

 
For this and other rule changes involving state taxes, visit:        

http://www.nh.gov/revenue/laws+rules/index.htm.

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