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1 New Paragraph; Meals and Rooms Tax; Distributions. Amend RSA 78-A:26 by inserting after paragraph IV the following new paragraph:
V. Of the amount to be distributed from the meals and rooms municipal revenue fund pursuant to paragraph III, up to 60 percent of the amount distributed to an unincorporated town, unorganized place, town, or city that is in excess of the amount distributed in fiscal year 2021 shall be used by the unincorporated town, unorganized place, town, or city to reduce the local property tax rate.
2 Effective Date. This act shall take effect July 1, 2022.
Text to be added highlighted in green.
1 New Paragraph; Meals and Rooms Tax; Distributions. Amend RSA 78-A:26 by inserting after paragraph IV the following new paragraph:
V. Of the amount to be distributed from the meals and rooms municipal revenue fund pursuant to paragraph III, up to 60 percent of the amount distributed to an unincorporated town, unorganized place, town, or city that is in excess of the amount distributed in fiscal year 2021 shall be used by the unincorporated town, unorganized place, town, or city to reduce the local property tax rate.
2 Effective Date. This act shall take effect July 1, 2022.