Revision: Jan. 24, 2017, 9:02 a.m.
SB 80 - AS INTRODUCED
2017 SESSION
17-0837
10/06
SENATE BILL 80
AN ACT relative to implementation of the all veterans' tax credit.
SPONSORS: Sen. Watters, Dist 4; Sen. Gray, Dist 6; Sen. Kahn, Dist 10; Sen. Daniels, Dist 11; Sen. Reagan, Dist 17; Sen. Giuda, Dist 2; Sen. D'Allesandro, Dist 20; Rep. Sandler, Straf. 21; Rep. Spencer, Straf. 18; Rep. Baldasaro, Rock. 5; Rep. Hinch, Hills. 21
COMMITTEE: Public and Municipal Affairs
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This bill allows a town or city adopting the all veterans' tax credit against property taxes to phase in the amount over 3 years.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0837
10/06
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT relative to implementation of the all veterans' tax credit.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Taxation; All Veterans' Tax Credit. Amend RSA 72:28-b, II to read as follows:
II. The credit granted under this section shall be the same as the amount of the standard or optional veterans' tax credit in effect in the town or city under RSA 72:28. A town or city with an existing standard or optional veterans' tax credit under RSA 72:28 prior to August 18, 2016, adopting the credit under this section, may phase in the amount of the all veterans' tax credit over a 3-year period to match the standard or optional veterans' tax credit.
2 Effective Date. This act shall take effect 60 days after its passage.