HB 1201 – AS INTRODUCED
2012 SESSION
10/03
HOUSE BILL 1201
AN ACT relative to the assessment of property taxes on Pinkerton Academy.
SPONSORS: Rep. Sapareto, Rock 5; Rep. Reichard, Rock 5; Rep. Webb, Rock 5; Rep. J. O’Connor, Rock 5
COMMITTEE: Municipal and County Government
This bill removes the tax exemption and requires that Pinkerton Academy in Derry be assessed property taxes on the market value of the property.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2134
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT relative to the assessment of property taxes on Pinkerton Academy.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Taxation; Pinkerton Academy. Because Pinkerton Academy in Derry is a private corporation, and notwithstanding RSA 72:23, IV or any other law to the contrary, the land and buildings of Pinkerton Academy in Derry shall be appraised as provided in RSA 75:1 and subject to property taxation under RSA 72 commencing with the tax year beginning April 1, 2013.
2 Transition. Any shortfall in revenue of the Derry cooperative school district due to increased tuition costs resulting from this act shall be reimbursed and made whole by the town of Derry.
3 Effective Date. This act shall take effect 60 days after its passage.