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1 Procedure for Adoption of Property Tax Credit. Amend the introductory paragraph of RSA 72:27-a, I, to read as follows.
I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:28-b, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:76, RSA 72:82, or RSA 72:85 in the following manner:
2 New Section; Property Taxes; Standard and Optional Active Duty Military Tax Credit. Amend RSA 72 by inserting after section 28-c the following new section:
72:28-d Standard and Optional Active Duty Military Tax Credit.
I. The standard active duty military tax credit shall be $50.
II. The optional active duty military tax credit, upon adoption by a city or town pursuant to RSA 72:27-a, shall be an amount from $51 up to $750. The optional active duty military tax credit shall replace the standard active duty military tax credit in its entirety and shall not be in addition thereto.
III. Either the standard active duty military tax credit or the optional active duty tax credit shall be subtracted each year from the property tax on the qualifying service member's residential real estate, as defined in RSA 72:29, II.
IV. To qualify for the standard or optional active duty military tax credit, the person shall be a resident of this state, engaged for not less than 90 days during the taxable period in active duty military service. In this section, "active duty" means full-time duty under Title 10 of the United States Code as an enlisted member, or as a commissioned or warrant officer, in any branch of the armed forces of the United States. Active duty shall not include attendance at a school under military orders, except schooling incident to an active enlistment or a regular tour of duty, or normal military training as a reserve officer or member of an organized reserve or a national guard unit.
V. The standard and optional active duty military tax credit under this section shall be in lieu of, and not in addition to, the credits for veterans under RSA 72:28 and RSA 72:28-b, the credit for combat service under RSA 72:28-c, and the credit for service-connected total disability under RSA 72:35.
3 Department of Revenue Administration; Rules; Reference Added. Amend RSA 72:36, I to read as follows:
I. The commissioner's interpretation of RSA 72:28, 72:28-b, 72:28-c, 72:29, 72:29-a, 72:30, 72:31, 72:32, 72:33, 72:34, 72:34-a, 72:35, 72:36-a, 72:37, 72:37-a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:41, 72:62, 72:66, 72:70; and 72:85; and
4 Effective Date. This act shall take effect April 1, 2021.
Text to be added highlighted in green.
1 Procedure for Adoption of Property Tax Credit. Amend the introductory paragraph of RSA 72:27-a, I, to read as follows.
I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:28-b, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:62, RSA 72:66, RSA 72:70, RSA 72:76, RSA 72:82, RSA 72:85 , orRSA 72:28-d in the following manner:
2 New Section; Property Taxes; Standard and Optional Active Duty Military Tax Credit. Amend RSA 72 by inserting after section 28-c the following new section:
72:28-d Standard and Optional Active Duty Military Tax Credit.
I. The standard active duty military tax credit shall be $50.
II. The optional active duty military tax credit, upon adoption by a city or town pursuant to RSA 72:27-a, shall be an amount from $51 up to $750. The optional active duty military tax credit shall replace the standard active duty military tax credit in its entirety and shall not be in addition thereto.
III. Either the standard active duty military tax credit or the optional active duty tax credit shall be subtracted each year from the property tax on the qualifying service member's residential real estate, as defined in RSA 72:29, II.
IV. To qualify for the standard or optional active duty military tax credit, the person shall be a resident of this state, engaged for not less than 90 days during the taxable period in active duty military service. In this section, "active duty" means full-time duty under Title 10 of the United States Code as an enlisted member, or as a commissioned or warrant officer, in any branch of the armed forces of the United States. Active duty shall not include attendance at a school under military orders, except schooling incident to an active enlistment or a regular tour of duty, or normal military training as a reserve officer or member of an organized reserve or a national guard unit.
V. The standard and optional active duty military tax credit under this section shall be in lieu of, and not in addition to, the credits for veterans under RSA 72:28 and RSA 72:28-b, the credit for combat service under RSA 72:28-c, and the credit for service-connected total disability under RSA 72:35.
3 Department of Revenue Administration; Rules; Reference Added. Amend RSA 72:36, I to read as follows:
I. The commissioner's interpretation of RSA 72:28, 72:28-b, 72:28-c, 72:28-d, 72:29, 72:29-a, 72:30, 72:31, 72:32, 72:33, 72:34, 72:34-a, 72:35, 72:36-a, 72:37, 72:37-a, 72:37-b, 72:38-a, 72:38-b, 72:39-a, 72:39-b, 72:41, 72:62, 72:66, 72:70; and 72:85; and
4 Effective Date. This act shall take effect April 1, 2021.