Text to be removed highlighted in red.
1 Taxation; Excavation Tax; Excavation Tax and Taxation of Excavation Area. Amend the introductory paragraph of RSA 72-B:1, I to read as follows:
I. Earth, as defined in RSA 155-E:1, I, shall be exempt from taxation as real property under RSA 72:6 and RSA 72:13. An excavation tax shall be assessed upon the excavation of earth against an owner as defined in RSA 72-B:2, VIII. Such tax shall be assessed at the rate of $.02 per cubic yard of earth excavated. The following are exempt from the excavation tax:
2 Effective Date. This act shall take effect July 1, 2027.
Text to be added highlighted in green.
1 Taxation; Excavation Tax; Excavation Tax and Taxation of Excavation Area. Amend the introductory paragraph of RSA 72-B:1, I to read as follows:
I. Earth, as defined in RSA 155-E:1, I, shall be exempt from taxation as real property under RSA 72:6 and RSA 72:13. An excavation tax shall be assessed upon the excavation of earth against an owner as defined in RSA 72-B:2, VIII. Such tax shall be assessed at the rate of $0.04 per cubic yard of earth excavated. The following are exempt from the excavation tax:
2 Effective Date. This act shall take effect July 1, 2027.