HB1359 (2016) Detail

Relative to the tax credit for service-connected disability.


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HB 1359 - AS INTRODUCED

 

2016 SESSION

\t16-2518

\t10/06

 

HOUSE BILL\t1359

 

AN ACT\trelative to the tax credit for service-connected disability.

 

SPONSORS:\tRep. Estevez, Hills. 37; Rep. Manning, Rock. 8; Rep. Doucette, Rock. 8; Rep. Marston, Hills. 19

 

COMMITTEE:\tMunicipal and County Government

 

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ANALYSIS

 

\tThis bill allows towns and cities to increase the optional tax credit for service-connected disability to 100 percent of the property tax on the person's residential property.

 

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Explanation:\tMatter added to current law appears in bold italics.

\t\tMatter removed from current law appears [in brackets and struckthrough.]

\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.

\t16-2518

\t10/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Sixteen

 

AN ACT\trelative to the tax credit for service-connected disability.

 

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

 

\t1  Property Taxation; Tax Credit for Service-Connected Total Disability; Optional Amount.  Amend RSA 72:35, I-a to read as follows:

\t\tI-a.  The optional tax credit for service-connected total disability, upon adoption by a city or town pursuant to RSA 72:27-a, shall be an amount from $701 up to [$2,000] 100 percent of the total amount due on the annual property tax bill for the person’s residential property.  The optional tax credit for service-connected total disability shall replace the standard tax credit in its entirety and shall not be in addition thereto.

\t2  Effective Date.  This act shall take effect April 1, 2016.