SB 311-FN-A-LOCAL - AS INTRODUCED
2024 SESSION
24-2923
05/10
SENATE BILL 311-FN-A-LOCAL
AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.
SPONSORS: Sen. Birdsell, Dist 19; Rep. Guthrie, Rock. 15; Rep. L. Walsh, Rock. 15; Rep. M. Pearson, Rock. 34
COMMITTEE: Finance
─────────────────────────────────────────────────────────────────
ANALYSIS
This bill makes an appropriation to the department of health and human services and the town of Hampstead to offset the reduction in tax revenue from the state's acquisition of Hampstead hospital.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2923
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Department of Health and Human Services; Hampstead Hospital; Property Tax Offset. The department of health and human services is hereby appropriated $154,000 in general funds for the fiscal year ending June 30, 2025. From this amount and amounts appropriated in the state operating budget account 05-95-98-980010-2648, the department shall distribute $191,166 in the fiscal year ending June 30, 2025 to the town of Hampstead, to offset impacts to the town’s property tax base resulting from the state’s acquisition of the Hampstead hospital. The governor is authorized to draw a warrant for the amount appropriated in this section out of any money in the treasury not otherwise appropriated.
2 Effective Date. This act shall take effect on July 1, 2024.
24-2923
Revised 1/9/24
SB 311-FN-A-LOCAL- FISCAL NOTE
AS INTRODUCED
AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
|
| |||||
Estimated State Impact - Increase / (Decrease) | ||||||
| FY 2024 | FY 2025 | FY 2026 | FY 2027 | ||
Revenue | $0 | $0 | $0 | $0 | ||
Revenue Fund(s) | None | |||||
Expenditures | $0 | $191,166 | $0 | $0 | ||
Funding Source(s) | General Fund | |||||
Appropriations | $0 | $154,000 | $0 | $0 | ||
Funding Source(s) | General Fund | |||||
• Does this bill provide sufficient funding to cover estimated expenditures? [X] See Below • Does this bill authorize new positions to implement this bill? [X] N/A | ||||||
METHODOLOGY:
This bill appropriates $154,000 in FY25 for the purpose of distributing funds to the town of Hampstead, NH, to offset the impacts on that town's tax base from the state's purchase of Hampstead Hospital. As written, the bill requires the Department to make a total payment to Hampstead of $191,166 in FY25, so the remaining $37,166 would need to be allocated from the Department's existing appropriations.
AGENCIES CONTACTED:
Department of Health and Human Services
| Date | Body | Type |
|---|---|---|
| Jan. 9, 2024 | Senate | Hearing |
| Jan. 18, 2024 | Senate | Floor Vote |
| April 17, 2024 | House | Hearing |
April 18, 2024: Division III Work Session: 04/29/2024 02:00 pm LOB 210-211
April 18, 2024: Division III Work Session: 04/23/2024 02:30 pm LOB 210-211
April 17, 2024: ==CANCELLED== Division I Work Session: 05/07/2024 10:00 am LOB 212
April 11, 2024: Public Hearing: 04/17/2024 10:00 am LOB 210-211
Feb. 29, 2024: Introduced (in recess of) 02/22/2024 and referred to Finance HJ 6
Jan. 18, 2024: Ought to Pass: MA, VV; OT3rdg; 01/18/2024; SJ 2
Jan. 11, 2024: Committee Report: Ought to Pass, 01/18/2024, Vote 7-0; SC 3
Dec. 14, 2023: Hearing: 01/09/2024, Room 103, SH, 01:20 pm; SC 48
Dec. 8, 2023: To Be Introduced 01/03/2024 and Referred to Finance; SJ 1