Revision: Sept. 25, 2023, 9:41 a.m.
2024 SESSION
24-2064.0
02/10
HOUSE BILL [bill number]
AN ACT relative to the statewide education property tax and excess revenue from games of chance.
SPONSORS: [sponsors]
COMMITTEE: [committee]
─────────────────────────────────────────────────────────────────
ANALYSIS
This bill annually reduces the state education property tax by the amount of revenue paid to the state through games of chance in excess of the estimated amount paid in the 2023 fiscal year.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2064.0
02/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to the statewide education property tax and excess revenue from games of chance.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Assessment; Education Tax. Amend RSA 76:3 to read as follows:
76:3 Education Tax. Beginning July 1, 2005, and every fiscal year thereafter, the commissioner of the department of revenue administration shall set the education tax rate at a level sufficient to generate revenue of $363,000,000, less any amount under RSA 76:3-a, when imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the revenue required in this section.
2 New Section; Excess Revenue from Games of Chance. Amend RSA 76 by inserting after section 3 the following new section:
76:3-a Excess Revenue from Games of Chance. The commissioner of the department of revenue administration shall reduce the level of revenue required to be generated under RSA 76:3 by the amount of revenue paid to the education trust fund under 287-D:20, minus $6,600,000, which is the estimated amount paid in state 2023 fiscal year.