SB 265 – VERSION ADOPTED BY BOTH BODIES
2014 SESSION
10/06
SENATE BILL 265
AN ACT making a technical correction to the disposition of meals and rooms tax revenues.
SPONSORS: Sen. Odell, Dist 8; Sen. D'Allesandro, Dist 20; Rep. Almy, Graf 13; Rep. Major, Rock 14
This bill corrects a reference in the statute on the disposition of meals and rooms tax revenues and deletes an obsolete provision.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
14-2700
10/06
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT making a technical correction to the disposition of meals and rooms tax revenues.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Meals and Rooms Tax; Disposition of Revenue. Amend RSA 78-A:26, II to read as follows:
II. [For fiscal year 1995, instead of the 40 percent distribution in subparagraph I(b), 75 percent of each city’s or town’s 1976 distribution under RSA 78-A:23 shall be distributed under the provisions of subparagraph I(b), plus an amount equal to 75 percent of any increase in the revenue received from the meals and rooms tax for the fiscal year ending on the preceding June 30, not to exceed $2,000,000. For fiscal year 1996, the amount to be distributed shall be equal to the prior year’s distribution, plus an amount equal to 75 percent of any increase in the revenue received from the meals and rooms tax for the fiscal year ending on the preceding June 30, not to exceed $3,000,000. For fiscal year 1997 and] Each fiscal year [thereafter], the amount to be distributed shall be equal to the prior year’s distribution plus an amount equal to 75 percent of any increase in the income received from the meals and rooms tax for the fiscal year ending on the preceding June?30, not to exceed $5,000,000, until such time as the total amount distributed annually is equal to the amount indicated in subparagraph [I(b)] I(c).
2 Effective Date. This act shall take effect upon its passage.