HB359 (2015) Detail

Allowing municipalities in Carroll county to offer property tax exemptions to foster commercial and industrial construction.


HB 359 - AS INTRODUCED

2015 SESSION

15-0781

10/09

HOUSE BILL 359

AN ACT allowing municipalities in Carroll county to offer property tax exemptions to foster commercial and industrial construction.

SPONSORS: Rep. F. McCarthy, Carr 2; Rep. Cordelli, Carr 4; Rep. Buco, Carr 2; Rep. Avellani, Carr 5; Rep. Crawford, Carr 4; Sen. Bradley, Dist 3

COMMITTEE: Ways and Means

ANALYSIS

This bill extends the property tax program in Coos county to municipalities in Carroll county for 5 years which allows them to offer property tax exemptions to foster commercial and industrial construction. The bill repeals the tax exemption for commercial and industrial construction for Carroll county in 2020.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0781

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT allowing municipalities in Carroll county to offer property tax exemptions to foster commercial and industrial construction.

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

1 Property Taxation; Commercial and Industrial Construction Exemption; Carroll County Added. Amend RSA 72:75, I(b) to read as follows:

(b) “Eligible municipality” shall mean any city or town in Coos county or Carroll county.

2 Property Taxation; Commercial and Industrial Construction Exemption; Carroll County Deleted. Amend 72:75, I(b) to read as follows:

(b) “Eligible municipality” shall mean any city or town in Coos county [or Carroll county].

3 Effective Date.

I. Section 2 of this act shall take effect July 1, 2020.

II. The remainder of this act shall take effect April 1, 2015.