Text to be removed highlighted in red.
1 Meals and Rooms Tax; Short-Term Rentals; Compensation for Collection of Tax. Amend RSA 78-A:7, III to read as follows:
III. To compensate operators for keeping the prescribed records and the proper account and remitting of taxes by them, operators are allowed to retain 3 percent of the taxes due and to be remitted if the return and payment are timely received by the department of revenue administration, as provided in RSA 78-A:8, III.
2 Distribution of Funds; Affordable Housing Fund. Amend RSA 78-A:26, I(d) to read as follows:
(d)
The remainder to the general fund.
3 2025; Meals and Rooms Tax; Compensation for Collection of Tax. RSA 78-A:7, III is repealed and reenacted to read as follows:
III. To compensate operators for keeping the prescribed records and the proper account and remitting of taxes by them, operators are allowed to retain 3 percent of the taxes due and to be remitted if the return and payment are timely received by the department of revenue administration, as provided in RSA 78-A:8, III.
4 2025; Distribution of Funds; Affordable Housing Fund. Amend 78-A:26, I(d) and (e) to read as follows:
(d) *An amount equal to 1.5 percent of the taxes collected for short-term rental occupancies shall be credited to the affordable housing fund established by RSA 204-C:57.
(e)* The remainder to the general fund.
5 Effective Date.
I. Sections 3 and 4 of this act shall take effect July 1, 2025.
II. The remainder of this act shall take effect July 1, 2020.
Text to be added highlighted in green.
1 Meals and Rooms Tax; Short-Term Rentals; Compensation for Collection of Tax. Amend RSA 78-A:7, III to read as follows:
III. To compensate operators for keeping the prescribed records and the proper account and remitting of taxes by them, operators are allowed to retain a percentage of the taxes due and to be remitted if the return and payment are timely received by the department of revenue administration, as provided in RSA 78-A:8, III. The amount which may be retained shall be 1.5 percent for a short-term rental occupancy and 3 percent for any other occupancy, taxable meal, or gross rental receipt.
2 Distribution of Funds; Affordable Housing Fund. Amend RSA 78-A:26, I(d) to read as follows:
(d) An amount equal to 1.5 percent of the taxes collected for short-term rental occupancies shall be credited to the affordable housing fund established byRSA 204-C:57.
(e) The remainder to the general fund.
3 2025; Meals and Rooms Tax; Compensation for Collection of Tax. RSA 78-A:7, III is repealed and reenacted to read as follows:
III. To compensate operators for keeping the prescribed records and the proper account and remitting of taxes by them, operators are allowed to retain 3 percent of the taxes due and to be remitted if the return and payment are timely received by the department of revenue administration, as provided in RSA 78-A:8, III.
4 2025; Distribution of Funds; Affordable Housing Fund. Amend 78-A:26, I(d) and (e) to read as follows:
(d) The remainder to the general fund.
5 Effective Date.
I. Sections 3 and 4 of this act shall take effect July 1, 2025.
II. The remainder of this act shall take effect July 1, 2020.