HB 294-FN – AS INTRODUCED
2007 SESSION
09/03
HOUSE BILL 294-FN
AN ACT relative to current use taxation of certain farm buildings.
SPONSORS: Rep. Stohl, Coos 1; Rep. Patten, Carr 4; Rep. E. Anderson, Merr 13; Rep. O’Connell, Hills 6; Rep. Introne, Rock 3; Sen. Gallus, Dist 1
COMMITTEE: Municipal and County Government
This bill allows current use taxation of land under certain farm buildings.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0723
09/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT relative to current use taxation of certain farm buildings.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Assessment of Open Space Land. Amend RSA 79-A:5, I to read as follows:
I.(a) The selectmen or assessing officials shall appraise open space land, including land under farm buildings as defined in RSA 21:34-a, as classified under the provisions of this chapter, excluding any building, appurtenance, or other improvement on the land, at valuations based upon the current use values established by the board. The valuations shall be equalized for the purpose of assessing taxes. The selectmen or assessing officials shall use the soil potential index when available, to determine the value of farm land within the ranges established by the board. It shall be the duty of the owner to provide the soil potential index to the selectmen or assessing officials.
(b) For purposes of this paragraph, open space land under “residence or residences,” as referred to in RSA 21:34-a, shall not include residences other than non-rental temporary farm workers’ quarters.
2 Effective Date. This act shall take effect April 1, 2007.
LBAO
07-0723
1/17/07
HB 294-FN - FISCAL NOTE
AN ACT relative to current use taxation of certain farm buildings.
FISCAL IMPACT:
The Department of Revenue Administration and the New Hampshire Municipal Association state this bill may increase state and local expenditures by an indeterminable amount in FY 2008 and each year thereafter. There will be no fiscal impact on county expenditures or state, county, and local revenue.
METHODOLOGY:
The Department of Revenue Administration and the New Hampshire Municipal Association state this bill will allow current use taxation of land under certain farm buildings. The Department and the Association state the impact of this bill will be a shift in property taxes from the group of taxpayers eligible for current use assessment to taxpayers not eligible for this type of assessment. This would result in a lowering of the property tax base. The net effect would be an increase in the non-current use property tax.
The Department and the Association state this bill may increase state expenditures by an indeterminable amount related to the notification and education of municipalities and all other affected parties, forms design, and forms distribution. Local expenditures related to processing applications, assessing costs, and appeals costs may increase by an indeterminable amount.