Text to be removed highlighted in red.
1 New Sections; Tax. Amend RSA 72 by inserting after section 1-d the following new sections:
72:1-e Enterprises Liable. On April 1, a tax amounting to 2 times the assessed property value of an enterprise, to be known as the "enterprise tax," shall be assessed on every historic horse racing and charitable gaming facility, as governed by RSA 284, with 100 or more machines. Any enterprise, unless otherwise exempted by this section, in the state after April 1 and prior to December 1 of any year shall be assessed the enterprise tax.
72:1-f Optional Collection of Enterprise Tax.
I. Notwithstanding any other provision of law, any town or city by majority vote of the legislative body may elect not to assess, levy, and collect the enterprise tax pursuant to RSA 72:1-e. All municipalities which elect not to assess, levy, or collect said enterprise tax shall be exempt from all provisions of law relating to it.
II. The legislative body of any town or city may adopt the provisions of paragraph I by approving the following question: "Shall we adopt the provisions of RSA 72:1-f which authorize any town or city to elect not to assess, levy and collect an enterprise tax?" If a majority of those voting on the question vote "Yes", RSA 72:1-e shall not apply within the town or city on April 1 following the approval of the question. Any town or city may rescind the provisions of RSA 72:1-f in the same manner, except the word "adopt" shall be changed to "rescind" in the question.
2 Effective Date. This act shall take effect April 1, 2026.
Text to be added highlighted in green.
1 New Sections; Tax. Amend RSA 72 by inserting after section 1-d the following new sections:
72:1-e Enterprises Liable. On April 1, a tax amounting to 2 times the assessed property value of an enterprise, to be known as the "enterprise tax," shall be assessed on every historic horse racing and charitable gaming facility, as governed by RSA 284, with 100 or more machines. Any enterprise, unless otherwise exempted by this section, in the state after April 1 and prior to December 1 of any year shall be assessed the enterprise tax.
72:1-f Optional Collection of Enterprise Tax.
I. Notwithstanding any other provision of law, any town or city by majority vote of the legislative body may elect not to assess, levy, and collect the enterprise tax pursuant to RSA 72:1-e. All municipalities which elect not to assess, levy, or collect said enterprise tax shall be exempt from all provisions of law relating to it.
II. The legislative body of any town or city may adopt the provisions of paragraph I by approving the following question: "Shall we adopt the provisions of RSA 72:1-f which authorize any town or city to elect not to assess, levy and collect an enterprise tax?" If a majority of those voting on the question vote "Yes", RSA 72:1-e shall not apply within the town or city on April 1 following the approval of the question. Any town or city may rescind the provisions of RSA 72:1-f in the same manner, except the word "adopt" shall be changed to "rescind" in the question.
2 Effective Date. This act shall take effect April 1, 2026.