Bill Text: NH SB510 | 2018 | Regular Session | Amended


Bill Title: Relative to municipal notice of leases on tax-exempt property.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Passed) 2018-06-14 - Signed by the Governor on 06/08/2018; Chapter 0232; Effective 01/01/2019 [SB510 Detail]

Download: New_Hampshire-2018-SB510-Amended.html

SB 510 - AS AMENDED BY THE HOUSE

 

02/15/2018   0523s

19Apr2018... 1474h

2018 SESSION

18-3022

05/01

 

SENATE BILL 510

 

AN ACT relative to municipal notice of leases on tax-exempt property.

 

SPONSORS: Sen. Fuller Clark, Dist 21; Rep. McBeath, Rock. 26; Rep. Cushing, Rock. 21; Rep. Burton, Straf. 6; Rep. M. Smith, Straf. 6

 

COMMITTEE: Public and Municipal Affairs

 

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AMENDED ANALYSIS

 

This bill requires lessors of tax-exempt public property to annually notify the municipality of the lease or any similar use or occupancy agreement.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

02/15/2018   0523s

19Apr2018... 1474h 18-3022

05/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to municipal notice of leases on tax-exempt property.

 

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

 

1  Property Taxation; Exemption; Lease Interests in Public Property.  Amend RSA 72:23, I(b)(1) to read as follows:

(b)(1)(A)  All leases and other agreements, the terms of which provide for the use or occupation by others of real or personal property owned by the state or a county, city, town, school district, or village district, entered into after July 1, 1979, shall provide for the payment of properly assessed real and personal property taxes by the party using or occupying said property no later than the due date.

(B)  Annually, on or before April 15, the lessors of all leases and other agreements, the terms of which provide for the use or occupation by others of real or personal property owned by the state or a county, city, town, school district, or village district, including those properties identified under subparagraph (d), shall provide written notice and a copy of the lease or other agreement to the assessing officials of the municipality in which the property is located.

2  Effective Date.  This act shall take effect January 1, 2019.

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