Text to be removed highlighted in red.
1 Assessment of Education Tax; Commissioner's Warrant. Amend RSA 76:8, II to read as follows:
II. The commissioner shall issue a warrant under the commissioner's hand and official seal for the amount computed in paragraph I to the selectmen or assessors of each municipality by December 15 directing them to assess such sum and pay it to the municipality for the use of the school district or districts . Such sums shall be assessed at such times as may be prescribed for other taxes assessed by such selectmen or assessors of the municipality.
2 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 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.
3 Repeal. RSA 198:41, I(b), relative to determination of education grants, is repealed.
4 Effective Date. This act shall take effect July 1, 2025.
Text to be added highlighted in green.
1 Assessment of Education Tax; Commissioner's Warrant. Amend RSA 76:8, II to read as follows:
II. The commissioner shall issue a warrant under the commissioner's hand and official seal for the amount computed in paragraph I to the selectmen or assessors of each municipality by December 15 directing them to assess such sum and transmit the amount collected to the state treasurer for deposit in the education trust fund created pursuant toRSA 198:39 . Such sums shall be assessed at such times as may be prescribed for other taxes assessed by such selectmen or assessors of the municipality.
2 Education Tax. Amend RSA 76:3 to read as follows:
76:3 Education Tax. Beginning July 1, 2025, and every fiscal year thereafter, the commissioner of the department of revenue administration shall set the education tax rate at a rate of $5.00 per $1,000 of property valuation 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.
3 Repeal. RSA 198:41, I(b), relative to determination of education grants, is repealed.
4 Effective Date. This act shall take effect July 1, 2025.