CHAPTER 96
SB 202 – FINAL VERSION
2005 SESSION
09/10
SENATE BILL 202
AN ACT relative to property taxable as utility property.
SPONSORS: Sen. Larsen, Dist 15; Sen. D'Allesandro, Dist 20; Rep. E. Blanchard, Merr 10; Rep. Shurtleff, Merr 10
This bill establishes that the commissioner of revenue administration shall subtract the value of certain utility property which is taxable under the utility property tax from a municipality’s tax base for the statewide enhanced education tax.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
05-0923
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Five
AN ACT relative to property taxable as utility property.
Be it Enacted by the Senate and House of Representatives in General Court convened:
96:1 Statewide Enhanced Education Tax; Commissioner’s Warrant; Utility Property. Amend RSA 76:8, I(a) to read as follows:
I.(a) The commissioner shall annually determine a municipality’s tax base for the statewide enhanced education tax by subtracting from the total equalized valuation of all property, as determined under RSA 21-J:3, XIII for the preceding year, property that was then taxable under RSA 82 and RSA 83-F. In determining the tax base, the value of any utility property that [was not taxable under RSA 83-F in the preceding year but is taxable under RSA 83-F in the current year] is included in the total equalized valuation upon which the statewide education property tax is computed, and is also taxable under RSA 83-F for that year, shall also be subtracted from the tax base, provided the sum value of the utility property represents at least 5 percent of the total equalized value of all property, except property taxable under RSA 82 or RSA 83-F in the preceding year.
96:2 Effective Date. This act shall take effect April 1, 2005.
(Approved: June 8, 2005)
(Effective Date: April 1, 2005)