Revision: Dec. 20, 2017, 12:26 p.m.
SB 510 - AS INTRODUCED
2018 SESSION
18-3022
05/01
SENATE BILL 510
AN ACT relative to municipal notice of leases on tax-exempt property.
SPONSORS: Sen. Fuller Clark, Dist 21; Rep. McBeath, Rock. 26; Rep. Cushing, Rock. 21; Rep. Burton, Straf. 6; Rep. M. Smith, Straf. 6
COMMITTEE: Public and Municipal Affairs
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ANALYSIS
This bill requires lessors of tax-exempt public property to annually notify the municipality of the lease or other agreement and provide a copy of the lease by April 1.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-3022
05/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to municipal notice of leases on tax-exempt property.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Taxation; Exemption; Lease Interests in Public Property. Amend RSA 72:23, I(b)(1) to read as follows:
(b)(1)(A) All leases and other agreements, the terms of which provide for the use or occupation by others of real or personal property owned by the state or a county, city, town, school district, or village district, entered into after July 1, 1979, shall provide for the payment of properly assessed real and personal property taxes by the party using or occupying said property no later than the due date.
(B) The lessors of all leases and other agreements, the terms of which provide for the use or occupation by others of real or personal property owned by the state or a county, city, town, school district, or village district, including those properties identified under subparagraph (d) shall notify the municipality of the lease and other agreement by April 1 of each year and provide a copy of the lease to the municipality for property tax purposes.