Text to be removed highlighted in red.
1 Municipal Budget; Method to Rescind Local Tax Cap. Amend RSA 32:5-c, VI to read as follows:
VI. Any local political subdivision which has adopted RSA 32:5-b may consider rescinding its action in the manner described in paragraphs I through V. The wording of the question shall be: "Shall we rescind the provisions of RSA 32:5-b, known as the tax cap, as adopted by the (local subdivision) on (date of adoption), so that there will no longer be a limit on increases to the recommended budget in the amount to be raised by local taxes?" A 3/5 majority of those voting on the question shall be required to rescind the provisions of this section, except in the case of repeal by charter enactment under RSA 49-D. Only votes in the affirmative or negative shall be included in the calculation of the 3/5 majority.
2 New Paragraph; Municipal Budget Law; Method to Rescind Local Tax Cap. Amend RSA 32:5-c by inserting after paragraph VI the following new paragraph:
VII. Any local political subdivision which has adopted RSA 32:5-b before July 1, 2025 may consider rescinding its action in the manner described in paragraphs I through V. The wording of the question shall be: "Shall we rescind the provisions of RSA 32:5-b, known as the tax cap, as adopted by the (local subdivision) on (date of adoption), so that there will no longer be a limit on increases to the recommended budget in the amount to be raised by local taxes?" A majority of those voting on the question shall be required to rescind the provisions of this section, except in the case of repeal by charter enactment under RSA 49-D. Only votes in the affirmative or negative shall be included in the calculation of the majority.
3 Repeal. RSA 32:5-c, VII, relative to relative to the method for rescinding local tax caps, is repealed.
4 Effective Date.
I. Section 1 of this act shall take effect upon its passage.
II. Section 2 of this act shall take effect July 1, 2026.
III. Section 3 of this act shall take effect July 1, 2028.
Text to be added highlighted in green.
1 Municipal Budget; Method to Rescind Local Tax Cap. Amend RSA 32:5-c, VI to read as follows:
VI. Any local political subdivision which has adopted RSA 32:5-b after July 1, 2025 may consider rescinding its action in the manner described in paragraphs I through V. The wording of the question shall be: "Shall we rescind the provisions of RSA 32:5-b, known as the tax cap, as adopted by the (local subdivision) on (date of adoption), so that there will no longer be a limit on increases to the recommended budget in the amount to be raised by local taxes?" A 3/5 majority of those voting on the question shall be required to rescind the provisions of this section, except in the case of repeal by charter enactment under RSA 49-D. Only votes in the affirmative or negative shall be included in the calculation of the 3/5 majority.
2 New Paragraph; Municipal Budget Law; Method to Rescind Local Tax Cap. Amend RSA 32:5-c by inserting after paragraph VI the following new paragraph:
VII. Any local political subdivision which has adopted RSA 32:5-b before July 1, 2025 may consider rescinding its action in the manner described in paragraphs I through V. The wording of the question shall be: "Shall we rescind the provisions of RSA 32:5-b, known as the tax cap, as adopted by the (local subdivision) on (date of adoption), so that there will no longer be a limit on increases to the recommended budget in the amount to be raised by local taxes?" A majority of those voting on the question shall be required to rescind the provisions of this section, except in the case of repeal by charter enactment under RSA 49-D. Only votes in the affirmative or negative shall be included in the calculation of the majority.
3 Repeal. RSA 32:5-c, VII, relative to relative to the method for rescinding local tax caps, is repealed.
4 Effective Date.
I. Section 1 of this act shall take effect upon its passage.
II. Section 2 of this act shall take effect July 1, 2026.
III. Section 3 of this act shall take effect July 1, 2028.