Rep. Joe Sweeney

Maddy summaryHB 633 creates a legislative committee to study housing investment trusts - funds that pool private capital to finance housing projects - in New Hampshire. The committee will examine how these trusts could work in the state, including potential benefits and challenges for housing development. This study aims to inform future housing policy decisions without directly creating new housing programs. The bill became law after passing the legislature unanimously and being signed by Governor Ayotte on June 23, 2025.

Maddy summaryHB 511 allows New Hampshire counties to hold Immigration and Customs Enforcement (ICE) detainees for up to 48 hours (excluding weekends and holidays) after state charges conclude, but only if the county has a signed agreement covering costs and medical expenses. Counties without such agreements are not required to hold ICE detainees. The bill directly affects county correctional facilities and their agreements with federal immigration authorities. It became law on May 22, 2025, and takes effect January 1, 2026.

Maddy summarySB 217 would require cities and towns to post public notices about proposed taxpayer-funded building projects, such as new schools or libraries. These notices would need to be displayed on the front page of official websites and on official social media pages. Each summary would include a statement detailing the average estimated tax impact on residents, calculated per one thousand dollars of equalized valuation. This aims to inform residents about the potential tax implications of new public projects.

Maddy summaryHB 302 allows New Hampshire's state treasurer to invest up to 5% of public funds (including general and revenue stabilization funds) in gold, silver, or platinum bullion, coins, or digital assets with over $500 billion in average market capitalization. It requires all digital assets to be held through secure custody solutions meeting strict security standards (like private key control by the government and multi-party transaction approval) or via qualified custodians. Precious metals must be held either as exchange-traded products, in physical form with qualified custodians, or directly by the state. The bill explicitly prohibits investments exceeding the 5% cap and mandates specific custody safeguards for all assets.

Maddy summaryHB 1507 would create a state program called a "financial services regulatory sandbox" that allows companies to test new financial products without needing a full state license. Under this plan, the banking department would review applications from businesses using new technologies, such as blockchain, to ensure they have the expertise and resources to protect consumers during the testing period. The bill requires applicants to pay a fee and provide detailed plans explaining how their innovations work, what risks they pose, and how they will handle failures. If approved, a company could operate under limited supervision for a set time, but the bill also includes a provision where an interim study committee reviewed the proposal and ultimately did not recommend it for future legislation.

Maddy summaryThis bill, known as the Consumer Tax Relief Act, proposes reducing several state taxes on businesses and communications services over a multi-year period. It lowers the business profits tax rate from 7.4 percent to 7.0 percent by 2029 and reduces the business enterprise tax rate from 0.45 percent to 0.25 percent by 2027. Additionally, the legislation phases down the communications services tax from 7 percent to 1.75 percent starting in 2024 and completely repeals the tax by 2027. The bill also updates administrative rules regarding tax understatements, tax expenditure reporting, and property taxation for public utilities.

Maddy summaryThis bill prohibits companies owned or controlled by the People's Republic of China or the Chinese Communist Party from purchasing, leasing, or controlling agricultural land and land essential to critical industries like technology, manufacturing, and healthcare. It defines these entities broadly to include various business structures and government agencies within China, ensuring that any such acquisition or lease is illegal. Violations of this rule are classified as felonies, and the law is set to take effect on January 1, 2025.