Bill Text: NH SB315 | 2022 | Regular Session | Introduced
Bill Title: Directing that a portion of revenue distributions from the meals and rooms municipal revenue fund be used by municipalities to reduce the local property tax rate.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Introduced - Dead) 2022-02-03 - Pending Motion Inexpedient to Legislate; 02/03/2022; Senate Journal 2 [SB315 Detail]
Download: New_Hampshire-2022-SB315-Introduced.html
SB 315-LOCAL - AS INTRODUCED
2022 SESSION
22-2953
10/05
SENATE BILL 315-LOCAL
SPONSORS: Sen. D'Allesandro, Dist 20; Sen. Sherman, Dist 24; Sen. Perkins Kwoka, Dist 21; Sen. Watters, Dist 4; Sen. Prentiss, Dist 5; Rep. Wall, Straf. 6; Rep. Wallner, Merr. 10; Rep. Leishman, Hills. 24
COMMITTEE: Ways and Means
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ANALYSIS
This bill requires that a portion of revenues distributed to municipalities from the meals and rooms municipal revenue fund, which exceed fiscal year 2021 amounts received, shall be used to reduce the local property tax rate.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-2953
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Meals and Rooms Tax; Distributions. Amend RSA 78-A:26 by inserting after paragraph IV the following new paragraph:
V. Of the amount to be distributed from the meals and rooms municipal revenue fund pursuant to paragraph III, up to 60 percent of the amount distributed to an unincorporated town, unorganized place, town, or city that is in excess of the amount distributed in fiscal year 2021 shall be used by the unincorporated town, unorganized place, town, or city to reduce the local property tax rate.
