HB91 (2006) Detail

Repealing the local property tax exemption for wooden poles and conduits.


2005 SESSION

05-0009

09/01

HOUSE BILL 91-FN

AN ACT repealing the local property tax exemption for wooden poles and conduits.

SPONSORS: Rep. Gibson, Hills 19; Rep. Vaillancourt, Hills 15; Rep. Dodge, Rock 9; Rep. Espiefs, Ches 3; Rep. Ross, Hills 3; Sen. Gallus, Dist 1; Sen. Green, Dist 6

COMMITTEE: Ways and Means

ANALYSIS

This bill repeals the local property tax exemption for wooden poles and conduits on July 1, 2005. Under current law the exemption is repealed on July 1, 2006.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05-0009

09/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT repealing the local property tax exemption for wooden poles and conduits.

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

1 Prospective Repeal Date Extended for Exemption of Wooden Poles and Conduits Under RSA 72:8-b. Amend 1998, 304:6, I as amended by 1999, 163:7, 2001, 158:2, 2003, 270:8, and 2004, 35:1 to read as follows:

I. Section 5 of this act shall take effect July 1, [2006] 2005.

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

LBAO

05-0009

11/23/04

HB 91-FN - FISCAL NOTE

AN ACT repealing the local property tax exemption for wooden poles and conduits.

FISCAL IMPACT:

      The New Hampshire Municipal Association and Department of Revenue Administration state this bill will increase state education trust fund revenue and local revenue by an indeterminable amount in FY 2006 and each year thereafter. There will be no fiscal impact on state, county, and local expenditures or county revenue.

METHODOLOGY:

    The New Hampshire Municipal Association states this bill changes the repeal of the local property tax exemption for wooden poles and conduits from an effective date of July 1, 2006 to July 1, 2005. This change will permit cities and towns to levy a property tax on wooden poles and conduits owned by telephone companies beginning July 1, 2005. The Association further states that although there have been several study committees reviewing this issue, it has never been determined what amount of revenue would be generated when this exemption is repealed. The Association believes that the additional revenue to the state and cities and towns is indeterminable, but has the potential to be a significant amount.

    The Department of Revenue Administration states that the early repeal of this exemption will result in an indeterminable increase in revenue to both the state and local municipalities beginning in FY 2006.