CHAPTER 189
HB 1221-FN - FINAL VERSION
17Mar2022... 0471h
04/21/2022 1528s
05/05/2022 1840s
26May2022... 2050CofC
2022 SESSION
22-2291
10/05
HOUSE BILL 1221-FN
SPONSORS: Rep. Notter, Hills. 21; Rep. Turcotte, Straf. 4; Rep. Osborne, Rock. 4; Rep. Abramson, Rock. 37; Rep. Mooney, Hills. 21; Rep. Hobson, Rock. 35; Rep. Potucek, Rock. 6; Rep. Healey, Hills. 21
COMMITTEE: Ways and Means
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AMENDED ANALYSIS
This bill reduces the rate of the business profits tax for tax years ending on or after December 31, 2023. This bill also provides for a one-time payment by the state of an amount equal to 7.5 percent of required political subdivision employer contributions made to the state retirement system for group I teachers and group II members.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17Mar2022... 0471h
04/21/2022 1528s
05/05/2022 1840s
26May2022... 2050CofC 22-2291
10/05
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:
189:1 New Paragraph; Business Profits Tax; Imposition of Rate; Rate Reduced 2023. Amend RSA 77-A:2 by inserting after paragraph II the following new paragraph:
III. For all taxable periods ending on or after December 31, 2023, a tax is imposed at the rate of 7.5 percent upon the taxable business profits of every business organization.
189:2 Short Title. Section 4 of this act may be known as the “Property Tax Relief Act of 2022.”
I. New Hampshire’s working families and small businesses are struggling with a 40-year high inflation rate that has had a devastating impact on the price of gasoline, home heating, and food resulting from policies adopted in Washington, D.C. since January 2021.
II. Prior to January of 2021, the price of gasoline was approximately half of what it is today and now has steadily risen over the past 15 months.
III. Because of sound budget policies that controlled spending and made New Hampshire’s business tax climate more competitive, state revenues are currently $252 million above budget projections, enabling the legislature to share the state’s projected budget surplus with cities and towns in order to lower local property taxes.
189:4 Local Property Tax Reduction. A one-time appropriation of state surplus funds is hereby granted to each political subdivision of the state in accordance with section 5 of this act. It is the intent of the legislature that this will result in a one-time reduction in local property taxes without increasing state or local baseline spending.
189:5 Retirement System Costs; State Funding; Appropriation. For the state fiscal year ending June 30, 2023, the state shall pay to each political subdivision an amount equal to 7.5 percent of both the normal and accrued liability contributions of each political subdivision for benefits under the retirement system on account of its group II members and group I teacher members. The board of trustees of the retirement system shall certify the amount required for each such state payment based on actual payroll data from the fiscal year ending June 30, 2022, and the total amount of the state grants, to the treasurer. The governor is authorized to draw a warrant for the total sum of these one-time grants out of any money in the treasury not otherwise appropriated.
189:6 Repeal. RSA 100-A:16, II(c-1) relative to employer contributions for fiscal year 2012, is repealed.
I. Section 1 of this act shall take effect upon its passage.
II. The remainder of this act shall take effect July 1, 2022.
Approved: June 17, 2022
Effective Date:
I. Section 1 effective June 17, 2022
II. Remainder effective July 1, 2022
| Date | Body | Type |
|---|---|---|
| Jan. 13, 2022 | House | Hearing |
| March 9, 2022 | House | Exec Session |
| House | Floor Vote | |
| March 17, 2022 | House | Floor Vote |
| March 30, 2022 | Senate | Hearing |
| April 6, 2022 | Senate | Hearing |
| April 21, 2022 | Senate | Floor Vote |
| May 5, 2022 | Senate | Floor Vote |
| May 26, 2022 | Senate | Floor Vote |
| May 26, 2022 | Senate | Floor Vote |
| May 26, 2022 | House | Floor Vote |
June 22, 2022: Signed by Governor Sununu 06/17/2022; Chapter 189; I. Sec 1 eff. 06/17/2022 II. Rem eff. 07/01/2022 HJ 14
June 7, 2022: Enrolled (in recess of) 05/26/2022 HJ 14
June 6, 2022: Enrolled Adopted, VV, (In recess 05/26/2022); SJ 13
May 26, 2022: Conference Committee Report 2022-2050c: Adopted, VV 05/26/2022 HJ 14
May 26, 2022: Conference Committee Report # 2022-2050c; RC 24Y-0N, Adopted; 05/26/2022; SJ 13
May 19, 2022: Conference Committee Report Filed, # 2022-2050c; 05/26/2022 SJ 13
May 18, 2022: Conferee Change; Senator Daniels Replaces Senator D'Allesandro; SJ 13
May 18, 2022: Conference Committee Meeting: 05/18/2022 11:00 am LOB 202-204
May 12, 2022: President Appoints: Senators Giuda, Bradley, D'Allesandro; 05/12/2022; SJ 12
May 12, 2022: Sen. Giuda Accedes to House Request for Committee of Conference, MA, VV; 05/12/2022; SJ 12
May 10, 2022: House Non-Concurs with Senate Amendment 2022-1840s 2022-1528s and Requests CofC (Reps. Abrami, Bershtein, Janigian, Lang): MA VV 05/05/2022 HJ 12
May 5, 2022: Ought to Pass with Amendment 2022-1840s: Remainder of the bill with the effective date, MA, VV; OT3rdg; 05/05/2022; SJ 11
May 5, 2022: Ought to Pass with Amendment 2022-1840s: Sections 1, 3, and 7, RC 14Y-10N, MA; 05/05/2022; SJ 11
May 5, 2022: The Chair ruled the Question Divisible; 05/05/2022; SJ 11
May 5, 2022: Sections Remainder as Amended and effective date, MA;VV;OT3rdg; 05/05/2022; SJ 11
May 5, 2022: Sections Sections 1; 3 and 7, RC 14Y-10N, MA; 05/05/2022 SJ 11
May 5, 2022: Sections Sections 1; 3 and 7, RC 14Y-10N, MA; 05/05/2022 SJ 11
May 5, 2022: Sen. Soucy Moved to divide the Question on the motion of Ought to Pass with Amendment: Sections 1, 3, and 7 and then the remainder of the bill as amended with the effective date; 05/05/2022; SJ 11
May 5, 2022: The Chair ruled the Question Divisible; 05/05/2022; SJ 11
May 5, 2022: Sen. Soucy Moved to divide the Question on Sections 1: 3 and 7, Remainder with Effective Date; 05/05/2022; SJ 11
May 5, 2022: Committee Amendment # 2022-1840s, AA, VV; 05/05/2022; SJ 11
May 5, 2022: Committee Amendment # 2022-1840s, AA, VV; 05/05/2022; SJ 11
May 5, 2022: Ought to Pass: RC 2022-1840, MA; OT3rdg; 05/05/2022; SJ 11
April 26, 2022: Committee Report: Ought to Pass with Amendment # 2022-1840s, 05/05/2022; SC 18
April 21, 2022: Ought to Pass with Amendment 2022-1528s: Remainder of the bill with the effective date , RC 24Y-0N, MA; Refer to Finance Rule 4-5; 04/21/2022; SJ 9
April 21, 2022: Ought to Pass with Amendment 2022-1528s: Sections 1, 3, and 7, RC 14Y-10N, MA; 04/21/2022; SJ 9
April 21, 2022: The Chair ruled the Question Divisible; 04/21/2022; SJ 9
April 21, 2022: Sen. Soucy Moved to divide the Question on the motion of Ought to Pass with Amendment: Sections 1, 3, and 7 and then the remainder of the bill as amended with the effective date; 04/21/2022; SJ 9
April 21, 2022: Committee Amendment #2022-1528s: Remainder of Amendment with the effective date, RC 24Y-0N, AA; 04/21/2022; SJ 9
April 21, 2022: Committee Amendment #2022-1528s: Sections 3 and 7, RC 14Y-10N, AA; 04/21/2022; SJ 9
April 21, 2022: The Chair ruled the Question Divisible; 04/21/2022; SJ 9
April 21, 2022: Sen. Soucy Moved to divide the Question on Committee Amendment #2022-1528s: Sections 3 and 7 and then the remainder of the amendment with the effective date; 04/21/2022; SJ 9
April 21, 2022: Without Objection, Rule 3-17 is Suspended to Allow Non-Germane Amendment # 2022-1528s; 2/3 Necessary, MA; 04/21/2022; SJ 9
April 21, 2022: Chair Ruled Sections of Amendment # 2022-1528s Non-Germane, 04/21/2022; SJ 9
April 21, 2022: Without Objection, Rule 3-17 is Suspended to Allow Non-Germane Amendment # 2022-1528s; 2/3 Necessary, MA; 04/21/2022; SJ 9
April 13, 2022: Committee Report: Ought to Pass with Amendment # 2022-1528s, 04/21/2022; SC 16
March 31, 2022: Hearing: 04/06/2022, Room 101, LOB, 10:00 am, on proposed amendment # 2022-1294s; SC 14
March 24, 2022: Hearing: 03/30/2022, Room 100, SH, 10:15 am; SC 13
March 22, 2022: Introduced 03/17/2022 and Referred to Ways and Means; SJ 6
March 18, 2022: Ought to Pass with Amendment 2022-0471: MA RC 177-141 03/17/2022 HJ 8
March 18, 2022: Amendment # 2022-0471h (NT): AA RC 227-99 03/17/2022 HJ 8
March 18, 2022: Special Order HB1221 (Rep. Osborne): MA VV 03/17/2022 HJ 8
March 10, 2022: Minority Committee Report: Inexpedient to Legislate
March 10, 2022: Majority Committee Report: Ought to Pass with Amendment # 2022-0471h (Vote 12-11; RC)
March 2, 2022: Executive Session: 03/09/2022 10:00 am LOB 202-204
Feb. 19, 2022: Full Committee Work Session: 02/24/2022 09:30 am LOB 202-204
Feb. 3, 2022: Full Committee Work Session: 02/10/2022 09:30 am LOB 202-204
Jan. 26, 2022: Full Committee Work Session: 02/02/2022 09:00 am LOB 202-204
Jan. 19, 2022: Full Committee Work Session: 01/26/2022 09:30 am LOB 202-204
Jan. 8, 2022: Public Hearing: 01/13/2022 10:15 am LOB 202-204
Nov. 18, 2021: Introduced 01/05/2022 and referred to Ways and Means