HB 1429 – AS INTRODUCED
2012 SESSION
05/10
HOUSE BILL 1429
AN ACT enabling municipalities to adopt a property tax credit based on home renovation costs.
SPONSORS: Rep. Bergevin, Hills 17
COMMITTEE: Municipal and County Government
This bill permits municipalities to adopt a property tax credit based on home repair and renovation costs.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
12-2171
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twelve
AN ACT enabling municipalities to adopt a property tax credit based on home renovation costs.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Protection for Homeowners Completing Home Repairs and Renovations; Tax Credit Granted. Amend RSA 72 by inserting after section 39-b the following new section:
72:39-c Home Repair and Renovation; Tax Credit Granted.
I. A town or city may adopt or modify the credit granted under this section by the procedure in RSA 72:27-a.
II. An owner of residential property who completes an eligible home renovation or repair project shall, upon application to and approval of the selectmen or assessors, receive a property tax credit in an amount from $50 to $500, as determined by the municipality. The municipality shall establish and publish a list of eligible home renovation and repair projects, and the corresponding amount of the credit available under this section. The tax credit shall be a one-time credit, available to the property owner in the year in which the renovation or repair is completed.
2 Property Tax Credit; Adoption Procedure; Reference Added. Amend the introductory paragraph of RSA 72:27-a, I to read as follows:
I. Any town or city may adopt the provisions of RSA 72:28, RSA 72:29-a, RSA 72:35, RSA 72:37, RSA 72:37-b, RSA 72:38-b, RSA 72:39-a, RSA 72:39-c, RSA 72:62, RSA 72:66, RSA 72:70, or RSA 72:76 in the following manner:
3 Definitions; Reference Added. Amend RSA 72:29, VI to read as follows:
VI. For purposes of RSA 72:28, 29-a, 30, 31, 32, 33, 35, 36-a, 37, 37-a, 37-b, 38-a, 38-b, 39-a, 39-c, 62, 66, and 70, the ownership of real estate, as expressed by such words as “owner”, “owned” or “own”, shall include those who have placed their property in a grantor/revocable trust or who have equitable title or the beneficial interest for life in the subject property.
4 Appeals; Reference Added. Amend RSA 72:34-a to read as follows:
72:34-a Appeal From Refusal to Grant Exemption, Deferral, or Tax Credit. Whenever the selectmen or assessors refuse to grant an applicant an exemption, deferral, or tax credit to which the applicant may be entitled under the provisions of RSA 72:23, 23-d, 23-e, 23-f, 23-g, 23-h, 23-i, 23-j, 23-k, 28, 29-a, 30, 31, 32, 35, 36-a, 37, 37-a, 37-b, 38-a, 38-b, 39-a, 39-b, 39-c, 41, 42, 62, 66, or 70 the applicant may appeal in writing, on or before September 1 following the date of notice of tax under RSA 72:1-d, to the board of tax and land appeals or the superior court, which may order an exemption, deferral, or tax credit, or an abatement if a tax has been assessed.
5 Effective Date. This act shall take effect April 1, 2013.