Bill Text: NH HB1055 | 2024 | Regular Session | Amended
Bill Title: Relative to the property tax exemption for charitable organizations.
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Engrossed) 2024-05-31 - House Concurs with Senate Amendment 2024-1952s (Rep. L. Turcotte): Motion Adopted Voice Vote 05/30/2024 House Journal 15 [HB1055 Detail]
Download: New_Hampshire-2024-HB1055-Amended.html
HB 1055 - AS AMENDED BY THE SENATE
04/18/2024 1519s
2024 SESSION
24-2381
05/10
HOUSE BILL 1055
AN ACT relative to the property tax exemption for charitable organizations.
SPONSORS: Rep. J. MacDonald, Carr. 6; Rep. Crawford, Carr. 3; Rep. R. Brown, Carr. 3; Rep. Rung, Hills. 12; Rep. Peternel, Carr. 6
COMMITTEE: Municipal and County Government
-----------------------------------------------------------------
ANALYSIS
This bill permits a charitable organization to file a late application for a property tax exemption as long as application and approval are made prior to approval of the tax rate for that year.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
04/18/2024 1519s 24-2381
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to the property tax exemption for charitable organizations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Real Estate and Personal Property Tax Exemption. Amend RSA 72:23, VI to read as follows:
VI. Every charitable organization or society, except those religious and educational organizations and societies whose real estate is exempt under the provisions of paragraphs III and IV, shall annually before June 1, file with the municipality in which the property is located upon a form prescribed and provided by the board of tax and land appeals a statement of its financial condition for the preceding fiscal year and such other information as may be necessary to establish its status and eligibility for tax exemption. If any organization, otherwise qualified to receive an exemption, shall satisfy the selectmen that they were prevented by accident, mistake, or misfortune from filing an application on or before June 1, the officials may receive the application at a later date and grant an exemption thereunder for that year; but no such application shall be received or exemption granted after the local tax rate has been approved for that year.
