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106:1 Local Tax Cap. Amend RSA 32:5-b, I to read as follows:
I. In a town or district that has adopted this section, the estimated amount of local taxes to be raised for the fiscal year, as shown on the budget certified by the governing body or the budget committee and posted with the warrant for the annual meeting pursuant to RSA 32:5, shall not exceed the local taxes raised for the prior year, as shown on the same budget and adjusted as provided in paragraph I-a, by more than the tax cap authorized when this section was adopted.
106:2 Applicability; Required. RSA 32:5-b, as amended by section 1 of this act, shall apply to local tax caps and shall not require local amendment or re-adoption by the town or district.
106:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: July 03, 2024
Effective Date: September 01, 2024
Text to be added highlighted in green.
106:1 Local Tax Cap. Amend RSA 32:5-b, I to read as follows:
I. In a town or district that has adopted this section, the estimated amount of local taxes to be raised for the fiscal year shall include the operating budget and all other warrant articles with a tax impact, certified by the governing body or the budget committee and posted on the warrant for the annual meeting pursuant to RSA 32:5, . The estimated amount of local taxes to be raised for the fiscal year shall not exceed the local taxes raised for the prior year, as shown on the same budget and adjusted as provided in paragraph I-a, by more than the tax cap authorized when this section was adopted.
106:2 Applicability; Required. RSA 32:5-b, as amended by section 1 of this act, shall apply to local tax caps and shall not require local amendment or re-adoption by the town or district.
106:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: July 03, 2024
Effective Date: September 01, 2024