Bill Text: NH HB1381 | 2018 | Regular Session | Introduced

Bill Title: Relative to determining the taxable value of utility property for local property taxation.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-03-21 - Lay HB 1381 on Table (Rep. Abrami): Motion Adopted DV 310-15 03/21/2018 House Journal 9 P. 49 [HB1381 Detail]

Download: New_Hampshire-2018-HB1381-Introduced.html










AN ACT relative to determining the taxable value of utility property for local property taxation.


SPONSORS: Rep. Abrami, Rock. 19


COMMITTEE: Science, Technology and Energy






This bill caps the taxable value of utility property for local property taxation based on the book value of the property in the utility's financial records.


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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.






In the Year of Our Lord Two Thousand Eighteen


AN ACT relative to determining the taxable value of utility property for local property taxation.


Be it Enacted by the Senate and House of Representatives in General Court convened:


1  New Section; Property Taxation; Cap on the Valuation of Utility Property.  Amend RSA 72 by inserting after section 7-d the following new section:

72:7-e  Valuation of Utility Property.  Notwithstanding any other provision of law, the assessed value of any utility property subject to tax as real estate pursuant to RSA 72:8 in the town in which the property or any part of it is situated shall not exceed the net book value of that property as it appears in the financial records of the utility for all municipal property tax purposes.

2  Utility Property; Reference Added.  Amend RSA 72:10 to read as follows:

72:10  Limitation.  Nothing in RSA 72:7-e, 72:8, 72:8-a, or 72:9 shall in any way change or affect the laws relating to the taxation of public utilities and other property owned by municipal corporations.

3  Appraisal For Tax Purposes; Reference Added.  Amend RSA 75:1 to read as follows:

75:1  How Appraised.  The selectmen shall appraise open space land pursuant to RSA 79-A:5, open space land with conservation restrictions pursuant to RSA 79-B:3, land with discretionary easements pursuant to RSA 79-C:7, residences on commercial or industrial zoned land pursuant to RSA 75:11, earth and excavations pursuant to RSA 72-B, land classified as land under qualifying farm structures pursuant to RSA 79-F, buildings and land appraised under RSA 79-G as qualifying historic buildings, qualifying chartered public school property appraised under RSA 79-H, residential rental property subject to a housing covenant under the low-income housing tax credit program pursuant to RSA 75:1-a, renewable generation facility property subject to a voluntary payment in lieu of taxes agreement under RSA 72:74 as determined under said agreement, telecommunications poles and conduits pursuant to RSA 72:8-c, utility property pursuant to RSA 72:7-e, and all other taxable property at its market value.  Market value means the property's full and true value as the same would be appraised in payment of a just debt due from a solvent debtor.  The selectmen shall receive and consider all evidence that may be submitted to them relative to the value of property, the value of which cannot be determined by personal examination.

4  Effective Date.  This act shall take effect April 1, 2018.