New Hampshire 2026 Session Status: Enacted Bipartisan · 7 R · 6 D cosponsors

SB 492 — authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.

Last action — Signed by the Governor on 07/02/2026; Chapter 257; Effective 08/31/2026

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced November 21, 2025. Enacted.

Signed by Governor Kelly Ayotte (Republican) on July 09, 2026.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 78% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 13 sponsors

    1 primary, 12 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (7 R · 6 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows the department of military affairs and veterans services to license and lease property.

This legislation gives the department of military affairs and veterans services the authority to manage property it owns by licensing and leasing it. This measure enables better use of property for veterans' services.

Summary

authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.

Bill Text

What changed in the latest version

64 added · 101 removed

Plain-language change summary

The updated version of Bill SB 492 allows the Department of Military Affairs and Veterans Services to lease or license its properties more clearly. A significant change is that when these properties are rented out to private companies that do not have tax exemptions, they will now be treated like ordinary private property for tax purposes and subject to local property taxes. This means that the entities renting the property will be responsible for paying these taxes, ensuring that municipalities have the authority to enforce tax collection. This change matters because it generates revenue for local governments while providing clarity on tax obligations for private renters.

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Latest
SB 492-FN - VERSION ADOPTED BY BOTH BODIES 01/29/2026 0114s 23Apr2026...
CHAPTER 257 SB 492-FN - FINAL VERSION 01/29/2026 0114s 23Apr2026...
SB 492-FN - VERSION ADOPTED BY BOTH BODIES 01/29/2026 0114s 23Apr2026...
CHAPTER 257 SB 492-FN - FINAL VERSION 01/29/2026 0114s 23Apr2026...
1 New Paragraphs;
257:1 New Paragraphs;
2 New Section;
257:2 New Section;
SB 492-FN - VERSION ADOPTED BY BOTH BODIES - Page 2 - (d) To pay the principal of, and premium, if any, and the interest on any outstanding bonds of the state related to department property or department projects, as such obligations become due and payable.
CHAPTER 257 SB 492-FN - FINAL VERSION - Page 2 - (d) To pay the principal of, and premium, if any, and the interest on any outstanding bonds of the state related to department property or department projects, as such obligations become due and payable.
3 New Subparagraph;
257:3 New Subparagraph;
4 Effective Date.
257:4 Effective Date.
LBA 26-2057 4/29/26 SB 492-FN- FISCAL NOTE AS AMENDED BY THE HOUSE (AMENDMENT # 2026-1443h) AN ACT authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.
Approved:
FISCAL IMPACT:
July 02, 2026 Effective Date:
This bill does not provide funding, nor does it authorize new positions.
August 31, 2026
Estimated State Impact FY 2026 FY 2027 FY 2028 FY 2029 Revenue $0 Indeterminable Indeterminable Indeterminable Revenue Fund(s) Property Fund $105,000 $107,000 $112,000 (General Fund) (General Fund) (General Fund) Expenditures* $0 Indeterminable Indeterminable Indeterminable (Property Fund) (Property Fund) (Property Fund) Funding Source(s) General Fund and Property Fund Appropriations* $0 $0 $0 $0 Funding Source(s) None *Expenditure = Cost of bill *Appropriation = Authorized funding to cover cost of bill METHODOLOGY:
This bill authorizes the Department of Military Affairs and Veterans Services to lease or license property under its jurisdiction, and provides that property leased or licensed to non tax exempt entities is subject to local property taxation with the requirement being stated in the lease agreement.
This bill also creates a dedicated, nonlapsing Department of Military Affairs and Veterans Services Property Fund.
The Department of Military Affairs and Veterans Services states this bill would authorize the Department to lease or license property and establish a dedicated, nonlapsing property fund to receive revenues generated from such activity, but the amount of revenues received into that fund is indeterminable.
The Department states it does not currently lease or license property to private entities and therefore does not have existing lease or license revenue that would otherwise lapse to the General Fund.
The Department states the creation of the property fund would not reduce the need for General Fund appropriations.
To implement this bill, the Department requests one new full time position titled Property Manager.
The Department estimates the cost of this position at $105,000 in FY 2027, $107,000 in FY 2028, and $112,000 in FY 2029.
The bill does not authorize nor appropriate funds to support this position.
The Department states there is no direct fiscal impact on county or local expenditures;
however, municipalities may receive property tax revenue when department property is leased or licensed to non tax exempt entities, as provided in the bill.
It is assumed any fiscal impact will occur after FY 2026.
AGENCIES CONTACTED:
Department of Military Affairs and Veterans Services
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Action History

  1. Signed by the Governor on 07/02/2026; Chapter 257; Effective 08/31/2026

  2. Enrolled (in recess of) 06/04/2026 HJ 15

  3. Enrolled Adopted, VV, (In recess 06/04/2026); SJ 14

  4. Enrolled Bill Amendment # 2026-2149e Adopted, VV, (In recess of 06/04/2026); SJ 14

  5. Enrolled Bill Amendment # 2026-2149e: AA VV (in recess of) 06/04/2026 HJ 15

  6. Sen. Pearl Moved to Concur with the House Amendment, MA, VV; 05/21/2026; SJ 13

  7. Ought to Pass: MA VV 05/14/2026 HJ 13 P. 26

  8. Committee Report: Ought to Pass 05/04/2026 (Vote 20-0; CC) HC 19 P. 16

  9. Full Committee Work Session: 05/04/2026 10:00 am GP 159

  10. Executive Session: 05/04/2026 11:00 am GP 159

  11. Ought to Pass with Amendment 2026-1443h: MA VV 04/23/2026 HJ 11 P. 75

  12. Amendment # 2026-1443h: AA VV 04/23/2026 HJ 11 P. 75

  13. Referred to Ways and Means 04/23/2026 HJ 11 P. 75

  14. Committee Report: Ought to Pass with Amendment # 2026-1443h 04/10/2026 (Vote 13-0; RC)

  15. Executive Session: 04/10/2026 01:00 pm GP 228

  16. Public Hearing: 04/10/2026 11:30 am GP 228

  17. Introduced (in recess of) 02/19/2026 and referred to State-Federal Relations and Veterans Affairs HJ 5 P. 124

  18. Committee Amendment # 2026-0114s, AA, VV; 01/29/2026; SJ 2

  19. Ought to Pass with Amendment #2026-0114s, MA, VV; OT3rdg; 01/29/2026; SJ 2

  20. Committee Report: Ought to Pass with Amendment # 2026-0114s, 01/29/2026; Vote 3-0; CC; SC 3

  21. Hearing: 01/08/2026, Room 103, SH, 10:00 am; SC 46

  22. Introduced 01/07/2026 and Referred to Executive Departments and Administration; SJ 1

Sponsors

Sponsorship breakdown

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1 sponsors · 12 co-sponsors · 402 not signed on

Sponsors (1)

Co-sponsors (12)

Not signed on (402)

402 members have not signed on to this bill.

Show all 402 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

veterans
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 492 do?
authorizing the department of military affairs and veterans services to license and lease property in which the department holds a property interest.
Who sponsors SB 492?
SB 492 is sponsored by Victoria Sullivan (Republican), Jennifer Mandelbaum (Democrat), Howard Pearl (Republican), Donovan Fenton (Democrat), Timothy Lang (Republican), Suzanne Prentiss (Democrat), Christine Seibert (Democrat), Michael Moffett (Republican), Kevin Avard (Republican), Regina Birdsell (Republican), Skip Rollins (Republican), David Watters (Democrat), and Rebecca Perkins Kwoka (Democrat).
What is the current status of SB 492?
This bill has been enacted into law. Introduced November 21, 2025. Enacted.
Where can I track SB 492?
Track SB 492 free on One Click Politics — get push/email alerts when it moves.

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