HB 1055 - AS INTRODUCED
2022 SESSION
22-2039
05/10
HOUSE BILL 1055
SPONSORS: Rep. Deshaies, Carr. 6; Rep. J. MacDonald, Carr. 6; Rep. Crawford, Carr. 4; Rep. Marsh, Carr. 8
COMMITTEE: Municipal and County Government
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ANALYSIS
This bill increases the income and asset eligibility criteria for the property tax exemption for disabled persons and for deaf or severely hearing impaired persons.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-2039
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Property Taxes; Exemption for the Disabled. Amend RSA 72:37-b, III to read as follows:
III. No exemption shall be allowed under paragraph I or I-a unless the person applying for an exemption:
(a) Had, in the calendar year preceding said April 1, a net income from all sources, or if married, a combined net income from all sources, of not more than the respective amount determined by the city or town for purposes of paragraph I or I-a. Under no circumstances shall the amount determined by the city or town be less than [$13,400] $17,420 for a single person or [$20,400] $26,520 for married persons. The net income shall be determined by deducting from all moneys received, from any source including social security or pension payments, the amount of any of the following or the sum thereof:
(1) Life insurance paid on the death of an insured.
(2) Expenses and costs incurred in the course of conducting a business enterprise.
(3) Proceeds from the sale of assets.
(b) Owns net assets not in excess of the amount determined by the city or town for purposes of paragraph I, excluding the value of the person's actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance. The amount determined by the city or town shall not be less than [$35,000] $45,500 or, if married, combined net assets in such greater amount as may be determined by the town or city. "Net assets" means the value of all assets, tangible and intangible, minus the value of any good faith encumbrances. "Residence" means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live. "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.
(c) Has [been a New Hampshire resident for at least 5 years] resided in the state for at least one year preceding April 1 of the year in which the exemption is claimed.
2 Property Taxes; Exemption for Deaf or Severely Hearing Impaired Persons. Amend RSA 72:38-b, III to read as follows:
III. No exemption shall be allowed under paragraph I unless the person applying therefor:
(a) Has resided in this state for at least [5 consecutive years] one year preceding April 1 in the year in which the exemption is claimed.
(b) Had in the calendar year preceding said April 1 a net income from all sources, or if married, a combined net income from all sources, of not more than the respective amount determined by the city or town for purposes of paragraph I. Under no circumstances shall the amount determined by the city or town be less than [$13,400] $17,420 for a single person or [$20,400] $26,520 for married persons. The net income shall be determined by deducting from all moneys received, from any source including social security or pension payments, the amount of any of the following or the sum thereof:
(1) Life insurance paid on the death of an insured.
(2) Expenses and costs incurred in the course of conducting a business enterprise.
(3) Proceeds from the sale of assets.
(c) Owns net assets not in excess of the amount determined by the city or town for purposes of paragraph I, excluding the value of the person's actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance. The amount determined by the city or town shall not be less than [$35,000] $45,500 or, if married, combined net assets in such greater amount as may be determined by the town or city. "Net assets" means the value of all assets, tangible and intangible, minus the value of any good faith encumbrances. "Residence" means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live. "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.
3 Procedure for Adoption. A city or town that adopted an exemption for the disabled under RSA 72:37-b or an exemption for deaf or severely hearing impaired persons RSA 72:38-b prior to January 1, 2023, may phase in the revised income eligibility and net asset amounts provided in sections 1 and 2 of this act over a 3-year period pursuant to the procedure for adoption in RSA 72:27-a.
4 Effective Date. This act shall take effect January 1, 2023.
| Date | Body | Type |
|---|---|---|
| Jan. 20, 2022 | House | Hearing |
| Feb. 22, 2022 | House | Exec Session |
| Feb. 22, 2022 | House | Exec Session |
| House | Floor Vote |
March 16, 2022: Inexpedient to Legislate: MA VV 03/15/2022 HJ 6
March 9, 2022: Committee Report: Inexpedient to Legislate (Vote 18-1; CC)
Feb. 22, 2022: Executive Session: 02/22/2022 9:00 a.m. LOB301-303
Feb. 22, 2022: Executive Session: 02/22/2022 9:00 a.m. LOB301-303
Jan. 20, 2022: Public Hearing: 01/20/2022 9:30 a.m. LOB301-303
: To Be Introduced and referred to Municipal and County Government
Nov. 16, 2021: To Be Introduced 01/05/2022 and referred to Municipal and County Government
: To Be Introduced and referred to Municipal and County Government