Revision: Dec. 10, 2009, midnight
HB 1571 – AS INTRODUCED
2010 SESSION
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
This bill changes the penalty assessed for a failure to file an annual inventory form and adds exemptions to the loss of the right to appeal for tax relief.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2372
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:
1 Property Taxation; Annual Inventory Form; Penalties. Amend RSA 74:7-a to read as follows:
74:7-a Penalty for Failure to File.
I. Any person who fails to file a fully completed inventory form on or before April 15, unless granted an extension under RSA 74:8, shall pay a penalty of one percent of the property tax for which the person is liable. In no case, however, shall the penalty be less than [$10] $50 or more than [$50] $250. Any person who fails to file an inventory form and who becomes liable to pay the penalty specified in this section shall lose the right to appeal the denial of an abatement of an appraisal under RSA 75:1, but shall not lose the right to apply for, or appeal the denial of, any other type of tax relief including an appeal under RSA 72:34-a, an appraisal under RSA 75:11, or a land use change tax under RSA 79-A:7. This penalty has all the force of taxation and shall be treated as incident to the tax.
II. If a town fails to deliver the inventory blank, the penalty of loss of appeal rights shall not apply.
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.
IV. If the town conducts a revaluation during the tax year, the penalty of loss of appeal rights shall not apply.
2 Effective Date. This act shall take effect April 1, 2010.