Revision: Dec. 10, 2009, midnight
HB 1519 – AS INTRODUCED
2010 SESSION
09/05
HOUSE BILL 1519
AN ACT relative to the surety bond requirement for meals and rentals operators.
COMMITTEE: Commerce and Consumer Affairs
This bill establishes a bond committee which will determine which meals and rentals operators present a risk of nonpayment of the meals and rooms tax and must pay a $5,000 surety bond to the department of revenue administration.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2635
09/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to the surety bond requirement for meals and rentals operators.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Meals and Rentals; Surety Bond. RSA 78-A:8-b, I-a is repealed and reenact to read as follows:
I-a. There is hereby established a bond committee that shall consist of the commissioner, or designee; the executive director of the New Hampshire Lodging and Restaurant Association, or designee; and a board member, executive director, or designee of a regional chamber of commerce. The commissioner shall establish a scoring system for each meals and rentals licensee, which annually rates the risk of nonpayment of any tax, interest, or penalties. The scoring system shall be based upon department of revenue administration audit results history; history of timely payments of the tax; number of years the establishment has been in business; history of bounced checks or insufficient payment; and other relevant data as deemed necessary by the bond committee. The commissioner shall require operators whose scores suggest a risk of nonpayment of the tax, as determined by the bond committee, to file with the department a bond in the amount of $5,000 to secure the payment of any tax, interest, or penalties due, or which may become due. The bond shall be issued by a surety company authorized by the New Hampshire insurance department to do business in the state. The failure to maintain a bond shall result in the suspension or revocation of the license under this chapter. The bond committee shall meet annually to review the scoring system and make changes, if needed. The commissioner may determine a schedule pursuant to which operators shall be required to submit bonds.
2 Effective Date. This act shall take effect 60 days after its passage.