Labor & Employment (Workforce Development)

HB 1739 creates incentives to attract large data-center campuses to New Hampshire while modernizing the electric grid. It offers developers phased property tax breaks over 12 years and transferable tax credits covering up to 20% of construction costs, contingent on signing binding Grid Modernization Agreements. These agreements require developers to source non-gas electricity (like solar or wind) matching their energy use, fund grid-stabilizing programs, and partner with community colleges for workforce training in data-center operations. The bill also establishes fast-track permitting for eligible sites and mandates community benefits like noise limits, environmental screening, and resident bill credits from exported power.

HB 1786 imposes a semi-annual state assessment on residential properties valued over $1 million that are not used as a primary residence (luxury second homes), directly affecting owners of such properties. The revenue generated funds statewide housing development programs, including $15 million for workforce training in building trades and municipal grants for housing production. Key provisions include creating a dedicated fund for demolishing vacant buildings, expanding tax credits for housing infrastructure, and establishing a commission to study state financing for housing. The bill aims to address New Hampshire's housing shortage by leveraging new revenue to support affordable housing construction and workforce development.