Revision: Dec. 10, 2009, midnight
HB 1246 – AS INTRODUCED
2010 SESSION
10/03
HOUSE BILL 1246
AN ACT allowing the towns of Salem and Windham to adopt a certain property tax exemption.
SPONSORS: Rep. R. Elliott, Rock 4
COMMITTEE: Local and Regulated Revenues
This bill allows the towns of Salem and Windham to adopt a property tax exemption against assessed value for persons who have maintained a primary residence in the town for at least 40 years and who do not have school-age children.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2142
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT allowing the towns of Salem and Windham to adopt a certain property tax exemption.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Tax Exemption; Forty-Year Residency; Towns of Salem and Windham; Adoption.
I. The legislative body of the town of Salem and the legislative body of the town of Windham may each or both adopt the provisions of this act and exempt an amount from the assessed value of taxable property for qualifying owners of residential real estate who have maintained a principal residence in the municipality for at least 40 consecutive years and who have paid property taxes on such residence or residences for at least 40 consecutive years, and who do not have children entitled to attend public schools residing in the home. The amount of the property tax exemption shall be determined to, as nearly as possible, reduce the total tax bill by the amount of the school portion of the tax bill. The term “residential real estate” as used in this section shall mean the real estate the person occupies as his or her principal place of abode together with any land or buildings appurtenant thereto and shall include manufactured housing if used for said purpose.
II. The procedure for adoption in the town of Salem shall be in accordance with the procedures for passage of resolutions, ordinances, and other legislation in the town charter. The procedure for adoption in the town of Windham shall be by placing the question on the warrant of a special or annual town meeting, by the governing body or by petition pursuant to RSA 39:3.
III. If adopted, the exemption shall take effect in the tax year beginning April 1 following its adoption. The legislative body may rescind the exemption provided by this act in the same manner as described in paragraph II.
IV. Procedures for application, qualification, extension, investigation, and appeal of the exemption permitted by this act shall be in accordance with requirements in RSA 72 for generally applicable exemptions, credits, and deferrals.
2 Effective Date. This act shall take effect upon its passage.