CHAPTER 338

HB 999-FN-A-LOCAL - FINAL VERSION

3nov99.....2229h

1999 SESSION

HOUSE BILL 999-FN-A-LOCAL

AN ACT establishing a uniform education property tax to provide funding for an adequate public education and providing education property tax hardship relief to low and moderate income taxpayers.

SPONSORS: Rep. Hess, Merr 11

COMMITTEE: Finance

AMENDED ANALYSIS

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Explanation: Matter added to current law appears in bold italics.

3nov99.....2229h

STATE OF NEW HAMPSHIRE

In the Year of Our Lord One Thousand Nine Hundred and Ninety-Nine

AN ACT establishing a uniform education property tax to provide funding for an adequate public education and providing education property tax hardship relief to low and moderate income taxpayers.

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

Education Property Tax Hardship Relief

GENERAL FUND

(Dollars in Thousands)

Balance, July 1 $0 [$(3,509)] $1,491

Additions:

Total Unrestricted Revenue 1,034,848 1,079,057

Appropriations:

Net Appropriations [1,040,357] 1,035,357 [1,076,464] 1,071,464

GAAP Adjustment 2,000 2,000

Current Year Balance [(3,509)] 1,491 [4,593] 9,593

Balance, June 30 [(3,509)] 1,491 [1,084] 11,084

(Approved: November 3, 1999)

(Effective Date: I. Section 21 effective January 2, 2003