SB99 (2005) Detail

Relative to the penalty for failure to file a property inventory form.


SB 99-FN – AS INTRODUCED

2005 SESSION

05-0695

10/09

SENATE BILL 99-FN

AN ACT relative to the penalty for failure to file a property inventory form.

SPONSORS: Sen. Letourneau, Dist 19; Rep. Dowd, Rock 5

COMMITTEE: Ways and Means

ANALYSIS

This bill removes the penalty of the loss of appeal of an abatement denial for failure to file a timely inventory form.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05-0695

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT relative to the penalty for failure to file a property inventory form.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Property Taxation; Inventory Forms; Penalty for Failure to File. RSA 74:7-a is repealed and reenacted to read as follows:

74:7-a Penalty for Failure to File. Any person who fails to file a fully completed inventory form on or before April 15, unless granted an extension under RSA 74:8, shall pay a penalty of one percent of the property tax for which the person is liable. In no case, however, shall the penalty be less than $10 or more than $50. This penalty has all the force of taxation and shall be treated as incident to the tax.

2 Effective Date. This act shall take effect April 1, 2005.

LBAO

05-0695

1/21/05

SB 99-FN - FISCAL NOTE

AN ACT relative to the penalty for failure to file a property inventory form.

FISCAL IMPACT:

The Department of Revenue Administration states this bill may decrease state, county, and local revenue by an indeterminable amount in FY 2007 and each year thereafter. There will be no fiscal impact on state, county, and local expenditures.

METHODOLOGY:

The Department states this bill removes the penalty of the loss of an appeal of an abatement denial for failure to file a timely filed inventory form. The removal of this penalty may decrease state, county, and local revenue to the extent that abatements are granted that would not be granted under current law. The Department cannot determine the exact fiscal impact at this time.

Links

SB99 at GenCourtMobile

Action Dates

Date Body Type

Bill Text Revisions

SB99 Revision: 9350 Date: Jan. 21, 2010, midnight

Docket