Text to be removed highlighted in red.
1 Municipal Budget Law; Method to Override Local Tax Cap. Amend 2025, 170:2 to read as follows:
170:2 Applicability. RSA 32:5-b, as amended by section 1 of this act, shall apply to the local tax caps adopted prior to the effective date of this act and shall not require local amendment or re-adoption by the town or district .
2 Effective Date. This act shall take effect upon its passage.
Text to be added highlighted in green.
1 Municipal Budget Law; Method to Override Local Tax Cap. Amend 2025, 170:2 to read as follows:
170:2 Applicability. RSA 32:5-b, as amended by section 1 of this act, shall apply to the local tax caps adopted prior to the effective date of this act and shall not require local amendment or re-adoption by the town or district ; however, a municipality that adopted the provisions ofRSA 32:5-b prior to September 13, 2025 may vote to re-adopt the provisions of RSA 32:5-b, III that existed before September 13, 2025. The vote shall be taken in accordance with the provisions of RSA 39:3, RSA 31:131, and the usual procedures applicable to annual meetings and deliberative sessions of the legislative body. Such vote shall be required to take place prior to July 1, 2028 .
2 Effective Date. This act shall take effect upon its passage.