HB 237 - VERSION ADOPTED BY BOTH BODIES

 

 

2023 SESSION

23-0416

05/10

 

HOUSE BILL 237

 

AN ACT relative to the date of asset evaluation for purposes of determining eligibility for certain property tax exemptions.

 

SPONSORS: Rep. Pauer, Hills. 36; Rep. Jonathan Smith, Carr. 5; Rep. Maggiore, Rock. 23; Rep. Stavis, Graf. 13

 

COMMITTEE: Municipal and County Government

 

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ANALYSIS

 

This bill establishes an asset evaluation date for purposes of determining eligibility for the property tax exemption for the disabled, for the deaf or severely hearing impaired, and for the elderly.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

23-0416

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Three

 

AN ACT relative to the date of asset evaluation for purposes of determining eligibility for certain property tax exemptions.

 

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

 

1  Property Taxes; Exemption for the Disabled.  Amend RSA 72:37-b, III(b) to read as follows:

(b)  Owns, on December 31 in the calendar year preceding said April 1, net assets not in excess of the amount determined by the city or town for purposes of paragraph I, excluding the value of the person's actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance.  The amount determined by the city or town shall not be less than $35,000 or, if married, combined net assets in such greater amount as may be determined by the town or city.  "Net assets" means the value of all assets, tangible and intangible, minus the value of any good faith encumbrances.  "Residence" means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live.  "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.

2  Exemption for Deaf or Severely Hearing Impaired Persons.  Amend RSA 72:38-b, III(c) to read as follows:

(c)  Owns, on December 31 in the calendar year preceding said April 1, net assets not in excess of the amount determined by the city or town for purposes of paragraph I, excluding the value of the person's actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance.  The amount determined by the city or town shall not be less than $35,000 or, if married, combined net assets in such greater amount as may be determined by the town or city.  "Net assets" means the value of all assets, tangible and intangible, minus the value of any good faith encumbrances.  "Residence" means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live.  "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.

3  Conditions for Elderly Exemption.  Amend RSA 72:39-a, I(c) to read as follows:

(c)  Owns, on December 31 in the calendar year preceding said April 1, net assets not in excess of the amount determined by the city or town for purposes of RSA 72:39-b, excluding the value of the person's actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance.  The amount determined by the city or town shall not be less than $35,000.  A city or town may set a combined net assets amount for married persons in such greater amount as the legislative body of the city or town may determine.  "Net assets" means the value of all assets, tangible and intangible, minus the value of any good faith encumbrances.  "Residence" means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live.  "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.

4  Applicability; Required.  Pursuant to RSA 72:27-a, IV:

I.  RSA 72:37-b, III(b), as amended by section 1 of this act, shall not require local re-adoption by the municipality and shall apply beginning with the 2024 property tax year.

II.  RSA 72:38-b, III(c), as amended by section 2 of this act, shall not require local re-adoption by the municipality and shall apply beginning with the 2024 property tax year.

III.  RSA 72:39-a, I(c), as amended by section 3 of this act, shall not require local re-adoption by the municipality and shall apply beginning with the 2024 property tax year.

5  Effective Date.  This act shall take effect 60 days after its passage.