Bill Text - HB501 (2016)

Allowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.


Revision: March 8, 2016, midnight

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HB 501 - AS INTRODUCED

 

2015 SESSION

\t15-0628

\t10/06

 

HOUSE BILL\t\t501

 

AN ACT\tallowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.

 

SPONSORS:\tRep. Cheney, Straf 17; Rep. Baldasaro, Rock 5; Rep. Leeman, Straf 23; Rep. Mullen, Straf 1; Rep. Knowles, Straf 12; Sen. Carson, Dist 14

 

COMMITTEE:\tMunicipal and County Government

 

 

ANALYSIS

 

\tThis bill allows municipalities to extend the veterans property tax credit to residents who served for a period determined by the city or town of at least one year active duty in the armed forces, and to their surviving spouses.  The bill also allows for a different tax credit amount to be applied for such veterans.  The provisions of the bill apply in a municipality only after adoption by the municipality pursuant to RSA 72:27-a.

 

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\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 

\t15-0628

\t10/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Fifteen

 

AN ACT\tallowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.

 

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

 

\t1  Veterans’ Tax Credit; Eligibility.  Amend RSA 72:28, IV(b) and (c) to read as follows:

\t\t\t(b)  Every resident of this state who was terminated from the armed forces because of service-connected disability; or the surviving spouse of such resident; [and]

\t\t\t(c)  Every resident of this state who served for a period determined by the city or town of at least one year in active duty in the armed forces of the United States and was honorably discharged or an officer honorably separated from service; or the spouse or surviving spouse of such resident; and

\t\t\t(d)  The surviving spouse of any resident who suffered a service-connected death.

\t2  New Paragraph; Optional Veterans’ Tax Credit; Additional Amount.  Amend RSA 72:28 by inserting after paragraph IV the following new paragraph:

\t\tIV-a.  A city or town adopting the veterans’ tax credit for persons qualifying under subparagraph IV(c) may adopt a different optional tax credit amount under paragraph II to apply only to those persons qualifying under subparagraph IV(c).

\t3  Effective Date.  This act shall take effect April 1, 2015.

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