Bill Text: NH SB311 | 2024 | Regular Session | Introduced

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Bill Title: Relative to property tax offset for the town of Hampstead and making an appropriation therefor.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Passed) 2024-07-30 - Law Without Signature 07/27/2024; Chapter 0316; Effective 07/01/2024; Art 44, Pt II, NH Constitution [SB311 Detail]

Download: New_Hampshire-2024-SB311-Introduced.html

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SB 311-FN-A-LOCAL - AS INTRODUCED

 

 

2024 SESSION

24-2923

05/10

 

SENATE BILL 311-FN-A-LOCAL

 

AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.

 

SPONSORS: Sen. Birdsell, Dist 19; Rep. Guthrie, Rock. 15; Rep. L. Walsh, Rock. 15; Rep. M. Pearson, Rock. 34

 

COMMITTEE: Finance

 

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ANALYSIS

 

This bill makes an appropriation to the department of health and human services and the town of Hampstead to offset the reduction in tax revenue from the state's acquisition of Hampstead hospital.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2923

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.

 

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

 

1 Department of Health and Human Services; Hampstead Hospital; Property Tax Offset. The department of health and human services is hereby appropriated $154,000 in general funds for the fiscal year ending June 30, 2025. From this amount and amounts appropriated in the state operating budget account 05-95-98-980010-2648, the department shall distribute $191,166 in the fiscal year ending June 30, 2025 to the town of Hampstead, to offset impacts to the town’s property tax base resulting from the state’s acquisition of the Hampstead hospital. The governor is authorized to draw a warrant for the amount appropriated in this section out of any money in the treasury not otherwise appropriated.

2 Effective Date. This act shall take effect on July 1, 2024.

 

LBA

24-2923

Revised 1/9/24

 

SB 311-FN-A-LOCAL- FISCAL NOTE

AS INTRODUCED

 

AN ACT relative to property tax offset for the town of Hampstead and making an appropriation therefor.

 

FISCAL IMPACT:      [ X ] State              [    ] County               [    ] Local              [    ] None

Estimated State Impact - Increase / (Decrease)
		FY 2024	FY 2025		FY 2026	FY 2027
Revenue		$0	$0		$0	$0
Revenue Fund(s)		None
Expenditures		$0	$191,166		$0	$0
Funding Source(s)		General Fund
Appropriations		$0	$154,000		$0	$0
Funding Source(s)		General Fund
• Does this bill provide sufficient funding to cover estimated expenditures? [X] See Below • Does this bill authorize new positions to implement this bill? [X] N/A

 

METHODOLOGY:

This bill appropriates $154,000 in FY25 for the purpose of distributing funds to the town of Hampstead, NH, to offset the impacts on that town's tax base from the state's purchase of Hampstead Hospital.  As written, the bill requires the Department to make a total payment to Hampstead of $191,166 in FY25, so the remaining $37,166 would need to be allocated from the Department's existing appropriations.

 

AGENCIES CONTACTED:

Department of Health and Human Services