HB566 (2017) Detail

Repealing the community revitalization tax relief incentive.


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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ANALYSIS

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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  RSA 79-E, relative to the community revitalization tax relief incentive program, is repealed.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.

 

LBAO

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

 

 

 

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

 

 

Links

HB566 at GenCourtMobile

Action Dates

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

Bill Text Revisions

HB566 Revision: 892 Date: Jan. 25, 2017, 3:33 p.m.

Docket

Date Status
Jan. 5, 2017 Introduced 01/05/2017 and referred to Ways and Means HJ 3 P. 19
Jan. 31, 2017 Public Hearing: 01/31/2017 01:30 PM LOB 202
Feb. 2, 2017 Executive Session: 02/02/2017 LOB 202
Feb. 15, 2017 Committee Report: Inexpedient to Legislate for 02/15/2017 (Vote 21-0; RC) HC 11 P. 31
Special Order to 2/16/2017 Without Objection HJ 7 P. 57
Feb. 16, 2017 Inexpedient to Legislate: MA VV 02/16/2017 HJ 8 P. 42