Revision: March 10, 2026, noon
Rep. Berry, Hills. 44
Rep. Kuttab, Rock. 17
March 10, 2026
2026-1117h
08/09
Floor Amendment to HB 1300
Amend RSA 32:5-i, V as inserted by section 1 of the bill by replacing it with the following:
V.(a) The school district local tax cap and school administrative unit fixed cap question on the ballot for towns and wards with an annual school district meeting shall read:
“Shall the [name of municipality] adopt the provisions of RSA 32:5-i to establish, for the next 2 fiscal years, a local tax cap on the portion of property taxes raised for the [name(s) of school district(s)] and a fixed cap on the central office administrative budget of the supporting school administrative unit (SAU)? If adopted, the amount raised by local school district taxes shall not exceed the prior fiscal year’s amount, adjusted for inflation using the CPI-U Northeast Region and the percentage increase in the municipality’s taxable property value attributable to new construction. Costs for bonded capital projects shall be excluded. In addition, the SAU central office administrative budget shall not exceed 6 percent of the combined appropriations of the school districts comprising the SAU, excluding bonded capital costs. These caps may be overridden as provided in RSA 32:5-i and adoption requires a three-fifths (3/5) majority vote.”
(b) The school district local tax cap and school administrative unit fixed cap question on the ballot for municipalities without an annual school district meeting shall read:
“Shall the [name of municipality] adopt the provisions of RSA 32:5-i to establish, for the next 2 fiscal years, a local tax cap on the portion of property taxes raised for the [name(s) of school district(s)] and a fixed cap on the central office administrative budget of the supporting school administrative unit (SAU)? If adopted, the amount raised by local school district taxes shall not exceed the prior fiscal year’s amount, adjusted for inflation using the CPI-U Northeast Region and the percentage increase in the municipality’s taxable property value attributable to new construction. Costs for bonded capital projects shall be excluded. In addition, the SAU central office administrative budget shall not exceed 6 percent of the combined appropriations of the school districts comprising the SAU, excluding bonded capital costs. These caps may be overridden as provided in RSA 32:5-i and adoption requires a three-fifths (3/5) majority vote.”
Amend RSA 32:5-i, VIII as inserted by section 1 of the bill by replacing it with the following:
VIII.(a) The maximum allowable levy shall equal:
Prior fiscal year property tax levy × (1 + inflation + net new taxable property growth).
(b) “Inflation” means the Consumer Price Index for All Urban Consumers (CPI-U), Northeast Region.
(c)(1) “Net new taxable property growth” means the increase in assessed valuation attributable to:
(A) New construction;
(B) Physical expansion or improvement of structures;
(C) Subdivision or redevelopment of land;
(D) Conversion from exempt to taxable status; or
(E) Any physical change that increases taxable market value.
(2) "Net new taxable property growth" shall not include:
(A) Market appreciation;
(B) Revaluation or reassessment; or
(C) Changes in assessment methodology.
(d) The department of revenue administration shall certify annually the net new taxable property growth for each taxing jurisdiction.