Bill Details - SB22 (2019)

CHAPTER 221

SB 22 - FINAL VERSION

 

03/14/2019   0877s

8May2019... 1594h

2019 SESSION

19-0898

05/10

 

SENATE BILL 22

 

AN ACT relative to the construction property tax exemption.

 

SPONSORS: Sen. Bradley, Dist 3; Rep. Berrien, Rock. 18

 

COMMITTEE: Election Law and Municipal Affairs

 

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ANALYSIS

 

This bill provides that any municipality that has adopted the construction property tax exemption under RSA 72:81 shall determine the rate and duration of the exemption on a per case basis, based on the public benefit generated by the commercial or industrial project.

 

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/14/2019   0877s

8May2019... 1594h 19-0898

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to the construction property tax exemption.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

221:1  Property Tax Exemptions; Commercial and Industrial Construction Exemption.  Amend RSA 72:81 to read as follows:

72:81  Property Tax Exemption.

I.  An eligible municipality may, by vote of the local legislative body pursuant to RSA 72:82, adopt a new construction property tax exemption for commercial or industrial uses, or both.  The intent of the exemption is to provide incentives to businesses to build, rebuild, modernize, or enlarge within the municipality.  The exemption shall apply only for municipal and local school property taxes assessed by the municipality which shall exclude state education property taxes under RSA 76:3 and county taxes assessed against the municipality under RSA 29:11, and shall be a specified percentage on an annual basis of the increase in assessed value attributable to construction of new structures, and additions, renovations, or improvements to existing structures, but which shall not exceed 50 percent per year.  The exemption may run for a maximum period of 10 years following the new construction.

II.  Once adopted by the local legislative body, the percentage rate and duration of the exemption shall be granted [uniformly within that municipality to all projects for which a proper application is filed] on a per case basis based on the amount and value of public benefit as determined by the governing body either:

(a)  To all properties within the municipality; or  

(b)  To a specific group or groups of parcels within the municipality as designated by the legislative body.

III.  For the purposes of this section, public benefit shall be defined by the local legislative body as part of the adoption of the property tax exemption.

221:2  Procedure for Adoption.  Amend RSA 72:82, I to read as follows:

I.  A municipality desiring to adopt the provisions of RSA 72:81 shall do so in accordance with the procedures set forth in RSA 72:27-a.  The vote shall specify that the exemption, if granted, shall apply to all properties within the municipality if adopted in accordance with RSA 72:81, II(a) or to a specific group or groups of parcels within the municipality if adopted in accordance with RSA 72:81, II(b).  The vote shall specify the maximum percentage of new assessed value to be exempted, the maximum number of years duration of the exemption following new construction, a definition of public benefit, and a reference to zoning use category definitions, if applicable.  The exemption shall take effect in the tax year beginning April 1 following its adoption.

221:3  Effective Date.  This act shall take effect upon its passage.

 

Approved: July 12, 2019

Effective Date: July 12, 2019

Docket

Date Status
Jan. 3, 2019 Introduced 01/03/2019 and Referred to Election Law and Municipal Affairs; SJ 4
Jan. 3, 2019 Introduced 01/03/2019 and Referred to Election Law and Municipal Affairs; SJ 4
Jan. 23, 2019 Hearing: 01/23/2019, Room 102, LOB, 09:15 am; SC 7
March 14, 2019 Committee Report: Ought to Pass with Amendment # 2019-0877s, 03/14/2019; Vote 5-0; CC; SC 13
March 14, 2019 Committee Report: Ought to Pass with Amendment # 2019-0877s, 03/14/2019; Vote 5-0; CC; SC 13
March 14, 2019 Committee Amendment # 2019-0877s, AA, VV; 03/14/2019; SJ 8
March 14, 2019 Ought to Pass with Amendment 2019-0877s, MA, VV; OT3rdg; 03/14/2019; SJ 8
March 20, 2019 Introduced 03/20/2019 and referred to Municipal and County Government HJ 11 P. 68
April 9, 2019 Public Hearing: 04/09/2019 01:30 pm LOB 301
April 16, 2019 Subcommittee Work Session: 04/16/2019 03:00 pm LOB 301
April 23, 2019 Executive Session: 04/23/2019 01:00 pm LOB 301
April 23, 2019 Subcommittee Work Session: 04/23/2019 12:45 pm LOB 301
April 23, 2019 Executive Session: 04/23/2019 01:00 pm LOB 301
Majority Committee Report: Ought to Pass with Amendment # 2019-1594h (Vote 12-8; RC)
May 8, 2019 Majority Committee Report: Ought to Pass with Amendment # 2019-1594h for 05/08/2019 (Vote 12-8; RC) HC 23 P. 17
Minority Committee Report: Inexpedient to Legislate
May 8, 2019 Amendment # 2019-1594h: AA VV 05/08/2019 HJ 15 P. 87
May 8, 2019 Ought to Pass with Amendment 2019-1594h: MA VV 05/08/2019 HJ 15 P. 87
June 13, 2019 Sen. Levesque Moved to Concur with the House Amendment, MA, VV; 06/13/2019; SJ 20
June 27, 2019 Enrolled 06/27/2019
June 27, 2019 Enrolled (In recess 06/27/2019); SJ 21
July 12, 2019 Signed by the Governor on 07/12/2019; Chapter 221; Effective 07/12/2019

Action Dates

Date Body Type
Jan. 23, 2019 Senate Hearing
March 14, 2019 Senate Floor Vote
March 14, 2019 Senate Floor Vote
April 9, 2019 House Hearing
April 23, 2019 House Exec Session
April 23, 2019 House Exec Session
April 23, 2019 House Exec Session
House Floor Vote
May 8, 2019 House Floor Vote

Bill Text Revisions

SB22 Revision: 4703 Date: Jan. 14, 2019, 10:01 a.m.
SB22 Revision: 4729 Date: Jan. 14, 2019, 2:30 p.m.
SB22 Revision: 5514 Date: March 14, 2019, 10:49 a.m.
SB22 Revision: 5908 Date: May 9, 2019, 9:50 a.m.
SB22 Revision: 6290 Date: June 13, 2019, 1:48 p.m.
SB22 Revision: 6573 Date: July 15, 2019, 3:20 p.m.