Text to be removed highlighted in red.
1 New Sections; Meals and Rooms Municipal Revenue Fund Established. Amend RSA 78-A by inserting after section 26 the following new sections:
78-A:27 Meals and Rooms Municipal Revenue Fund Established. There is hereby established in the treasury the meals and rooms municipal revenue fund. Any money deposited into the meals and rooms municipal revenue fund shall be nonlapsing and continually appropriated to the state treasurer for distribution to the unincorporated towns, unorganized places, towns, and cities pursuant to RSA 78-A:28.
78-A:28 Meals and Rooms Municipal Revenue Fund. On or before December 1, 2026, and each December 1 thereafter, 30 percent of the net income determined under RSA 78-A:26, I of the most recent fiscal year, after deductions for the cost of administration and revenues deposited in the education trust fund pursuant to RSA 78-A:26, II, shall be deposited into the meals and rooms municipal revenue fund established pursuant to RSA 78-A:27 for distribution to the unincorporated towns, unorganized places, towns, and cities.
78-A:29 Meals and Rooms Municipal Revenue Fund Distribution Formula.
I. The amount to be distributed to each such town, place, or city from the meals and rooms municipal revenue fund shall be determined based on the most recent community population estimates adjusted by removing those living in property tax exempt housing including on-campus college housing, prisons, jails and similar institutions, county nursing homes and not for profit nursing homes, and the most recent equalized property values per community.
II. The state treasurer shall calculate the average equalized property value per adjusted population and distribute funds to each such town, place, or city with an average equalized property value per adjusted population equal to or lesser than $500,000 as follows:
(a) For each town, place, or city, the state treasurer shall calculate a factor by subtracting the average equalized property value per adjusted population from $500,000 and then dividing said sum by $200,000.
(b) The factor calculated pursuant to subparagraph (a) shall then be multiplied against the adjusted population of each town, place, or city to arrive at a population factor.
(c) Distributions shall then be determined by multiplying the population factor calculated pursuant to subparagraph (b) against the result of the total distribution calculated pursuant to RSA 78-A:28 as divided by the sum of all population factors.
2 Application of Receipts. Amend RSA 6:12, I(b)(369) to read as follows:
(369) Moneys deposited in the meals and rooms municipal revenue fund established in RSA 78-A:26, IV .
3 Repeal. The following are repealed:
I. RSA 78-A:26, III and IV, relative to the disposition of meals and rooms tax revenue.
II. RSA 198:39, II(i), relative to the school portion of any revenue sharing funds apportioned to school districts in the property tax rate calculations.
4 Effective Date. This act shall take effect July 1, 2026.
Text to be added highlighted in green.
1 New Sections; Meals and Rooms Municipal Revenue Fund Established. Amend RSA 78-A by inserting after section 26 the following new sections:
78-A:27 Meals and Rooms Municipal Revenue Fund Established. There is hereby established in the treasury the meals and rooms municipal revenue fund. Any money deposited into the meals and rooms municipal revenue fund shall be nonlapsing and continually appropriated to the state treasurer for distribution to the unincorporated towns, unorganized places, towns, and cities pursuant to RSA 78-A:28.
78-A:28 Meals and Rooms Municipal Revenue Fund. On or before December 1, 2026, and each December 1 thereafter, 30 percent of the net income determined under RSA 78-A:26, I of the most recent fiscal year, after deductions for the cost of administration and revenues deposited in the education trust fund pursuant to RSA 78-A:26, II, shall be deposited into the meals and rooms municipal revenue fund established pursuant to RSA 78-A:27 for distribution to the unincorporated towns, unorganized places, towns, and cities.
78-A:29 Meals and Rooms Municipal Revenue Fund Distribution Formula.
I. The amount to be distributed to each such town, place, or city from the meals and rooms municipal revenue fund shall be determined based on the most recent community population estimates adjusted by removing those living in property tax exempt housing including on-campus college housing, prisons, jails and similar institutions, county nursing homes and not for profit nursing homes, and the most recent equalized property values per community.
II. The state treasurer shall calculate the average equalized property value per adjusted population and distribute funds to each such town, place, or city with an average equalized property value per adjusted population equal to or lesser than $500,000 as follows:
(a) For each town, place, or city, the state treasurer shall calculate a factor by subtracting the average equalized property value per adjusted population from $500,000 and then dividing said sum by $200,000.
(b) The factor calculated pursuant to subparagraph (a) shall then be multiplied against the adjusted population of each town, place, or city to arrive at a population factor.
(c) Distributions shall then be determined by multiplying the population factor calculated pursuant to subparagraph (b) against the result of the total distribution calculated pursuant to RSA 78-A:28 as divided by the sum of all population factors.
2 Application of Receipts. Amend RSA 6:12, I(b)(369) to read as follows:
(369) Moneys deposited in the meals and rooms municipal revenue fund established in RSA 78-A:27 .
3 Repeal. The following are repealed:
I. RSA 78-A:26, III and IV, relative to the disposition of meals and rooms tax revenue.
II. RSA 198:39, II(i), relative to the school portion of any revenue sharing funds apportioned to school districts in the property tax rate calculations.
4 Effective Date. This act shall take effect July 1, 2026.