HB 566-FN-LOCAL - AS INTRODUCED
2017 SESSION
17-0322
10/09
HOUSE BILL 566-FN-LOCAL
AN ACT repealing the community revitalization tax relief incentive.
SPONSORS: Rep. Bean, Rock. 21; Rep. Emerick, Rock. 21; Rep. R. Tilton, Rock. 37
COMMITTEE: Ways and Means
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This bill repeals the provisions of RSA 79-E, the community revitalization tax relief incentive program.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0322
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT repealing the community revitalization tax relief incentive.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Repeal. RSA 79-E, relative to the community revitalization tax relief incentive program, is repealed.
2 Reference Removed; Duties of the Commissioner of Revenue Administration. Amend RSA 21-J:3, XIII to read as follows:
XIII. Equalize annually by May 1 the valuation of the property as assessed in the several towns, cities, and unincorporated places in the state including the value of property exempt pursuant to RSA 72:37, 72:37-b, 72:39-a, 72:62, 72:66, and 72:70, [and property which is subject to tax relief under RSA 79-E:4,] by adding to or deducting from the aggregate valuation of the property in towns, cities, and unincorporated places such sums as will bring such valuations to the true and market value of the property, and by making such adjustments in the value of other property from which the towns, cities, and unincorporated places receive taxes or payments in lieu of taxes, including renewable generation facility property subject to a payment in lieu of taxes agreement under RSA 72:74, as may be equitable and just, so that any public taxes that may be apportioned among them shall be equal and just. In carrying out the duty to equalize the valuation of property, the commissioner shall follow the procedures set forth in RSA 21-J:9-a.
3 Effective Date. This act shall take effect July 1, 2017.
17-0322
1/18/17
HB 566-FN-LOCAL- FISCAL NOTE
AS INTRODUCED
AN ACT repealing the community revitalization tax relief incentive.
FISCAL IMPACT: [ ] State [ ] County [ X ] Local [ ] None
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| |||
| Estimated Increase / (Decrease) | |||
LOCAL: | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
Revenue | $0 | $0 | $0 | $0 |
Expenditures | Indeterminable Decrease | Indeterminable Decrease | Indeterminable Decrease | Indeterminable Decrease |
METHODOLOGY:
This bill eliminates the community revitalization tax relief incentive program, RSA 79-E. The Department of Revenue Administration states this may result in an indeterminable decrease in local expenditures for those towns who have adopted the provisions of RSA 79-E and are currently administering applications and agreements pursuant to the statute. The Department reports 30 towns have adopted the provisions of RSA 79-E as of January 4, 2017. Of the 30 towns, 17 towns currently have 66 total structures receiving property tax relief and the remaining 13 towns have no structures receiving property tax relief.
The New Hampshire Municipal Association is unable to estimate the fiscal impact.
AGENCIES CONTACTED:
Department of Revenue Administration and New Hampshire Municipal Association
| Date | Body | Type |
|---|---|---|
| Jan. 31, 2017 | House | Hearing |
| Feb. 2, 2017 | House | Exec Session |
| Feb. 15, 2017 | House | Floor Vote |
| Feb. 16, 2017 | House | Floor Vote |
Feb. 16, 2017: Inexpedient to Legislate: MA VV 02/16/2017 HJ 8 P. 42
: Special Order to 2/16/2017 Without Objection HJ 7 P. 57
Feb. 15, 2017: Committee Report: Inexpedient to Legislate for 02/15/2017 (Vote 21-0; RC) HC 11 P. 31
Feb. 2, 2017: Executive Session: 02/02/2017 LOB 202
Jan. 31, 2017: Public Hearing: 01/31/2017 01:30 PM LOB 202
Jan. 5, 2017: Introduced 01/05/2017 and referred to Ways and Means HJ 3 P. 19