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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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
| 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 |
July 12, 2019: Signed by the Governor on 07/12/2019; Chapter 221; Effective 07/12/2019
June 27, 2019: Enrolled (In recess 06/27/2019); SJ 21
June 27, 2019: Enrolled 06/27/2019 HJ 20 P. 53
June 13, 2019: Sen. Levesque Moved to Concur with the House Amendment, MA, VV; 06/13/2019; SJ 20
May 8, 2019: Ought to Pass with Amendment 2019-1594h: MA VV 05/08/2019 HJ 15 P. 87
May 8, 2019: Amendment # 2019-1594h: AA VV 05/08/2019 HJ 15 P. 87
: Minority Committee Report: Inexpedient to Legislate
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
: Majority Committee Report: Ought to Pass with Amendment # 2019-1594h (Vote 12-8; RC)
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 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 9, 2019: Public Hearing: 04/09/2019 01:30 pm LOB 301
March 20, 2019: Introduced 03/20/2019 and referred to Municipal and County Government HJ 11 P. 68
March 14, 2019: Ought to Pass with Amendment 2019-0877s, MA, VV; OT3rdg; 03/14/2019; SJ 8
March 14, 2019: Committee Amendment # 2019-0877s, AA, VV; 03/14/2019; SJ 8
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
Jan. 23, 2019: Hearing: 01/23/2019, Room 102, LOB, 09:15 am; SC 7
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