HB1571 (2010) Detail

Relative to the penalty for failure to file an annual inventory of taxable property.


CHAPTER 217

HB 1571 – FINAL VERSION

10Feb2010… 0462h

05/05/10 1752s

2010 SESSION

10-2372

10/09

HOUSE BILL 1571

AN ACT relative to the penalty for failure to file an annual inventory of taxable property.

SPONSORS: Rep. Hardy, Hills 27

COMMITTEE: Local and Regulated Revenues

AMENDED ANALYSIS

This bill adds an exemption to the loss of the right to appeal for tax relief for a failure to file an annual inventory form.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

10Feb2010… 0462h

05/05/10 1752s

10-2372

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to the penalty for failure to file an annual inventory of taxable property.

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

217:1 New Paragraph; Property Taxation; Annual Inventory Form; Penalties. Amend RSA 74:7-a by inserting after paragraph II the following new paragraph:

III. If the property is transferred during the tax year to a different owner and the inventory blank was mailed or delivered to the previous owner, the penalty of loss of appeal rights shall not apply to the subsequent owner.

217:2 Effective Date. This act shall take effect April 1, 2011.

Approved: June 28, 2010

Effective Date: April 1, 2011