CHAPTER 262
HB 622 – FINAL VERSION
15Mar2011… 0487h
22June2011… 2252CofC
2011 SESSION
10/04
HOUSE BILL 622
AN ACT relative to adjustments to the semi-annual and quarterly collection of property taxes in towns and cities.
SPONSORS: Rep. B. Patten, Carr 4; Rep. Knox, Carr 4; Rep. Ahlgren, Carr 4; Rep. S. Schmidt, Carr 4
COMMITTEE: Municipal and County Government
This bill allows for the adjustment in the method of calculating the partial payment of taxes related to an increase or decrease in local education taxes resulting from a change to the town’s or city’s adequate education grant or excess tax amount. The changes applies to both semi-annual and quarterly collection of taxes.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
15Mar2011… 0487h
22June2011… 2252CofC
11-0568
10/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT relative to adjustments to the semi-annual and quarterly collection of property taxes in towns and cities.
Be it Enacted by the Senate and House of Representatives in General Court convened:
262:1 New Paragraph; Semi-annual Rate Adjustments for Adequate Education Grants or Excess Tax Amounts. Amend RSA 76:15-a by inserting after paragraph II the following new paragraph:
III.(a) Notwithstanding the provisions of paragraphs I and II, any municipality affected by a change in adequate education grants or excess tax amounts, determined pursuant to RSA 198:41, may apply to the commissioner of revenue administration on forms prescribed by the commissioner to adjust the 1/2 of the previous year's tax rate by an amount sufficient to collect 1/2 of the estimated increase or decrease in the local school tax resulting from the change.
(b) The department of education shall certify, no later than November 15, to the commissioner of the department of revenue administration the difference in the amount of the adequate education grants and excess tax amounts between the current fiscal year and the forthcoming fiscal year for every municipality.
(c) Any municipality requesting an adjusted rate for the semi-annual bill shall submit such request to the commissioner of the department of revenue administration by April 1 prior to the issuance of the semi-annual bill.
262:2 New Paragraph; Quarterly Rate Adjustments for Adequate Education Grants or Excess Tax Amounts. Amend RSA 76:15-aa by inserting after paragraph IV the following new paragraph:
V.(a) Notwithstanding the provisions of paragraphs II and III, any municipality with quarterly billing affected by a change in adequate education grants or excess tax amounts, determined pursuant to RSA 198:41, may apply to the commissioner of revenue administration on forms prescribed by the commissioner to adjust the 1/4 of the previous year's tax rate by an amount sufficient to collect 1/4 of the estimated increase or decrease in the July and October quarterly bills in local school tax resulting from the change.
(b) The department of education shall certify, no later than November 15, to the commissioner of the department of revenue administration the difference in the amount of the adequate education grants and excess tax amounts between the current fiscal year and the forthcoming fiscal year for every municipality.
(c) Any municipality requesting an adjusted rate for the quarterly bills shall submit such request to the commissioner of the department of revenue administration by April 1 prior to the issuance of the July and October quarterly bills.
(d) The department of revenue administration shall expedite certified adjusted rate applications.
262:3 Rate Adjustments for Fiscal Year 2011. On the effective date of this act, the department of education shall certify to the commissioner of the department of revenue administration the difference in the amount of the adequate education grants between the 2011 fiscal year and the 2012 fiscal year for every municipality. The department of revenue administration shall expedite certified adjusted rate applications in accordance with RSA 76:15-a, III and RSA 76:15-aa, V.
262:4 Effective Date. This act shall take effect upon its passage.
Approved: July 13, 2011
Effective Date: July 13, 2011