HB359 (2016) Detail

(New Title) allowing all municipalities to adopt the property tax exemption to foster commercial and industrial construction.


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HB 359 - AS AMENDED BY THE HOUSE

20Jan2016... 2408h

2015 SESSION

\t15-0781

\t10/09

 

HOUSE BILL\t\t359

 

AN ACT\tallowing all municipalities to adopt the property tax exemption to foster commercial and industrial construction.

 

SPONSORS:\tRep. 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:\tWays and Means

 

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AMENDED ANALYSIS

 

\tThis bill extends the property tax exemption currently available only in Coos county to all municipalities in the state to foster commercial and industrial construction.

 

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\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 

20Jan2016... 2408h\t15-0781

\t10/09

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Fifteen

 

AN ACT\tallowing all municipalities to adopt the property tax exemption to foster commercial and industrial construction.

 

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

 

\t1  Property Taxation; Commercial and Industrial Construction Exemption; Change to Statewide.  Amend RSA 72:75, I(b) to read as follows:

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

\t2  Effective Date.  This act shall take effect 60 days after its passage.