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Originally Posted by Skip
No, that is not true.
You can only claim one primary residential residence in New Hampshire. Only your primary residence is exempted in this tabled proposal. To claim that residence, it must be your legal residence. In New Hampshire, length of stay does not determine your primary residence.
Example, I live, vote and hold my driver's license in, say, Florida. I have a second residence in New Hampshire. I spend the better part of the year at my New Hampshire home. Under this proposed bill my New Hampshire home is not my primary residence and therefore subject to enhanced taxation.
In New Hampshire legal residency is not tied to how many days a year you spend in the State. Unfortunately that misconception continues to be widespread.
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Skip, can you offer a pointer to the source of this information? My wife is a CPA and the estate planning course (CPE credits) indicated otherwise.
Jetskier
