HB 1272 – AS INTRODUCED
2010 SESSION
10/05
HOUSE BILL 1272
AN ACT relative to expanding the community revitalization tax relief program to provide incentives for rehabilitating historic structures.
SPONSORS: Rep. Watters, Straf 4; Rep. S. Price, Straf 3; Rep. Keans, Straf 1; Rep. Borden, Rock 18; Sen. Odell, Dist 8
COMMITTEE: Local and Regulated Revenues
This bill allows towns and cities to add historic structures in the municipality, whose preservation and reuse would conserve the embodied energy in existing building stock, to the community revitalization tax relief program in RSA 79-E.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2592
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to expanding the community revitalization tax relief program to provide incentives for rehabilitating historic structures.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Community Revitalization Tax Relief Incentive; Declaration of Public Benefit. Amend RSA 79-E:1 by inserting after paragraph II-a the following new paragraph:
II-b. It is further declared to be a public benefit to encourage the rehabilitation of historic structures in a municipality by increasing energy efficiency in the preservation and reuse of existing building stock.
2 Definitions; Qualifying Structure; Substantial Rehabilitation. Amend RSA 79-E:2, I and II to read as follows:
I. “Qualifying structure” means a building located in a district officially designated in a municipality’s master plan, or by zoning ordinance, as a downtown, town center, central business district, or village center, or, where no such designation has been made, in a geographic area which, as a result of its compact development patterns and uses, is identified by the governing body as the downtown, town center, or village center for purposes of this chapter. Qualifying structure shall also mean historic structures in a municipality whose preservation and reuse would conserve the embodied energy in existing building stock.
II. “Substantial rehabilitation” means rehabilitation of a qualifying structure which costs at least 15 percent of the pre-rehabilitation assessed valuation or at least $75,000, whichever is less. In addition, substantial rehabilitation means devoting a portion of the total cost, in the amount of at least 10 percent of the pre-rehabilitation assessed valuation or at least $5,000, whichever is less, to energy efficiency in accordance with the U.S. Secretary of Interior’s Standards for Rehabilitation.
3 New Paragraph; Public Benefit. Amend RSA 79-E:7 by inserting after paragraph II the following new paragraph:
II-a. It promotes the preservation and reuse of existing building stock throughout a municipality by the rehabilitation of historic structures, thereby conserving the embodied energy in accordance with energy efficiency standards established by the U.S. Secretary of Interior’s Standards for Rehabilitation.
4 Application. The provisions of this act shall not be applied in any city or town until the amendments to RSA 79-E made in sections 1-3 of this act have been adopted according to the procedures in RSA 79-E:3
5 Effective Date. This act shall take effect April 1, 2010.