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1 New Section; Payment in Lieu of Taxes; Correctional Facility in Berlin. Amend RSA 21-H by inserting after section 15 the following new section:
21-H:16 Payment in Lieu of Taxes; Northern New Hampshire Correctional Facility in Berlin. Notwithstanding any other provision of law, the property of the northern New Hampshire correctional facility in Berlin is exempt from all property taxes of the city of Berlin, provided however that in lieu of the taxes, the department shall make payments to the city of Berlin calculated as follows: Multiply 20 percent of the northern New Hampshire correctional facility's assessed valuation as recorded in the city of Berlin by the local school tax rate for the city for the tax year, commencing April 1, 2019 and as adjusted each subsequent tax year, with the amounts received to be used exclusively for funding the city of Berlin school system. The revenues received shall be in addition to any other state education funding grants or appropriations. The payment in lieu of taxes in this section shall terminate in the subsequent property tax year after the department of education determines that local equalized property valuation per pupil for the city of Berlin has reached 85 percent of the New Hampshire state average.
2 Effective Date. This act shall take effect upon its passage.
Text to be added highlighted in green.
1 New Section; Payment in Lieu of Taxes; Correctional Facility in Berlin. Amend RSA 21-H by inserting after section 15 the following new section:
21-H:16 Payment in Lieu of Taxes; Northern New Hampshire Correctional Facility in Berlin. Notwithstanding any other provision of law, the property of the northern New Hampshire correctional facility in Berlin is exempt from all property taxes of the city of Berlin, provided however that in lieu of the taxes, the department shall make payments to the city of Berlin calculated as follows: Multiply 20 percent of the northern New Hampshire correctional facility's assessed valuation as recorded in the city of Berlin by the local school tax rate for the city for the tax year, commencing April 1, 2019 and as adjusted each subsequent tax year, with the amounts received to be used exclusively for funding the city of Berlin school system. The revenues received shall be in addition to any other state education funding grants or appropriations. The payment in lieu of taxes in this section shall terminate in the subsequent property tax year after the department of education determines that local equalized property valuation per pupil for the city of Berlin has reached 85 percent of the New Hampshire state average.
2 Effective Date. This act shall take effect upon its passage.