Revision: March 8, 2016, midnight
\t \t\tHB 1505 - AS INTRODUCED
2016 SESSION
\t16-2638
\t10/06
HOUSE BILL\t1505
AN ACT\tallowing municipalities to exempt water and sewer pollution control facilities owned by educational institutions from the local property tax.
SPONSORS:\tRep. Cushing, Rock. 21
COMMITTEE:\tMunicipal and County Government
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ANALYSIS
\tThis bill allows towns and cities to vote to exempt the value of water and sewer pollution control facilities owned by a tax exempt educational institution and serving the educational institution from local property taxes.
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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\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2638
\t10/06
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\tallowing municipalities to exempt water and sewer pollution control facilities owned by educational institutions from the local property tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Property Taxation; Exemption; Educational Institutions; Pollution Control Option. Amend RSA 72:23, IV to read as follows:
\t\tIV. The buildings and structures of schools, seminaries of learning, colleges, academies and universities organized, incorporated or legally doing business in this state and owned, used and occupied by them directly for the purposes for which they are established, including but not limited to the dormitories, dining rooms, kitchens, auditoriums, classrooms, infirmaries, administrative and utility rooms and buildings connected therewith, athletic fields and facilities and gymnasiums, boat houses and wharves belonging to them and used in connection therewith, and the land thereto appertaining but not including lands and buildings not used and occupied directly for the purposes for which they are organized or incorporated, and the personal property used by them directly for the purposes for which they are established, provided none of the income or profits are divided among the members or stockholders or used or appropriated for any other purpose than the purpose for which they are organized or established; provided further that if the value of the dormitories, dining rooms and kitchens shall exceed $150,000, the value thereof in excess of said sum shall be taxable. A town at an annual town meeting or the governing body of a city may vote to increase the amount of the exemption upon dormitories, dining rooms and kitchens and may vote to exempt the value of water or sewer pollution control facilities owned by them and used to serve any building, structure, or land also exempted from tax.
\t2 Effective Date. This act shall take effect April 1, 2016.