Revision: Jan. 28, 2010, midnight
SB 492-FN-LOCAL – AS INTRODUCED
2010 SESSION
10/09
SENATE BILL 492-FN-LOCAL
AN ACT extending the local property tax exemption for wooden poles and conduits.
SPONSORS: Sen. D'Allesandro, Dist 20; Sen. Bragdon, Dist 11; Sen. Lasky, Dist 13; Rep. Bergin, Hills 6
COMMITTEE: Public and Municipal Affairs
This bill extends the prospective repeal date of the local property tax exemption for wooden poles and conduits to July 1, 2014. Under current law the exemption is repealed on July 1, 2010.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2794
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT extending the local property tax exemption for wooden poles and conduits.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Prospective Repeal Date Extended for Exemption of Wooden Poles and Conduits Under RSA 72:8-b. Amend 1998, 304:6, I as amended by 1999, 163:7, 2001, 158:2, 2003, 270:8, 2004, 35:1, and 2005, 146:1 to read as follows:
I. Section 5 of this act shall take effect July 1, [2010] 2014.
2 Effective Date. This act shall take effect upon its passage.
LBAO
10-2794
01/12/10
SB 492-FN-LOCAL - FISCAL NOTE
AN ACT extending the local property tax exemption for wooden poles and conduits.
FISCAL IMPACT:
The New Hampshire Municipal Association states this bill may have a fiscal impact on local revenue in FY 2011 and each fiscal year thereafter. There will be no fiscal impact on state, county and local expenditures or state and county revenues.
METHODOLOGY:
The New Hampshire Municipal Association states this bill extends the prospective repeal date of the local property tax exemption for wooden poles and conduits to July 1, 2014 from July 1, 2010. The Association indicates the repeal of this exemption would result in an increase in the property tax base of those municipalities where wooden poles and conduits exist, which would then potentially result in lower property tax rates. The Association does not have data regarding the assessed valuation of poles and conduits to determine the estimated fiscal impact of extending the existing exemption and the shift of the property tax burden among taxpayers.
The Department of Revenue Administration states that the repeal date change will not result in a change in state education trust fund revenue total, since the total is set in statute, however, the tax burden will be shifted among taxpayers.