HB 1345 – AS INTRODUCED
2010 SESSION
10/05
HOUSE BILL 1345
AN ACT relative to information for property tax assessments of commercial and industrial properties.
SPONSORS: Rep. Almy, Graf 11; Rep. Bouchard, Merr 11; Rep. Schmidt, Straf 4; Rep. L. Weber, Ches 2; Rep. Meader, Ches 3; Sen. Houde, Dist 5; Sen. Merrill, Dist 21
COMMITTEE: Local and Regulated Revenues
This bill allows municipal assessing officials to request rental, lease, and expense information from commercial and industrial properties for the purpose of determining market value. The information is considered confidential.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2289
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to information for property tax assessments of commercial and industrial properties.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Property Taxation; Information for Assessing Commercial and Industrial Property. Amend RSA 74 by inserting after section 17 the following new section:
74:17-a Information for Assessing Commercial and Industrial Property.
I. An owner or lessee of commercial or industrial property, shall, upon request of the local assessing officials, provide under oath to such officials property rental, lease rate, and operating expense information for the purposes of determining market value.
II. An owner or lessee of property who fails to provide such information when requested shall lose the right to appeal any matter pertaining to the property tax for which the owner is liable.
III. All such property rental, lease rate, and operating expense information submitted shall be considered confidential and exempt from disclosure under RSA 91-A. All such information shall be handled so as to protect the privacy of the owner or lessee and shall not be used for any purpose other than determining the market value, including any appeal of value.
IV. Any person who intentionally releases information required under this section contrary to paragraph III shall be guilty of a violation.
V. Any person who submits false information regarding property rental, lease rate, or operating expenses shall be guilty of a violation and the information submitted may be made public in any prosecution of any laws violated.
2 Effective Date. This act shall take effect April 1, 2010.