HB 1055  - AS INTRODUCED

 

 

2024 SESSION

24-2381

05/10

 

HOUSE BILL 1055

 

AN ACT relative to the property tax exemption for charitable organizations.

 

SPONSORS: Rep. J. MacDonald, Carr. 6; Rep. Crawford, Carr. 3; Rep. R. Brown, Carr. 3; Rep. Rung, Hills. 12; Rep. Peternel, Carr. 6

 

COMMITTEE: Municipal and County Government

 

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ANALYSIS

 

This bill permits a charitable organization to file a late application for a property tax exemption as long as application and approval are made prior to approval of the tax rate for that year.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

24-2381

05/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Four

 

AN ACT relative to the property tax exemption for charitable organizations.

 

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

 

1  Real Estate and Personal Property Tax Exemption.  Amend RSA 72:23, VI to read as follows:

VI.  Every charitable organization or society, except those religious and educational organizations and societies whose real estate is exempt under the provisions of paragraphs III and IV, shall annually before June 1, file with the municipality in which the property is located upon a form prescribed and provided by the board of tax and land appeals a statement of its financial condition for the preceding fiscal year and such other information as may be necessary to establish its status and eligibility for tax exemption.  If any organization, otherwise qualified to receive an exemption, shall satisfy the selectmen or assessors that they were prevented by accident, mistake, or misfortune from filing an application on or before June 1, the officials may receive the application at a later date and grant an exemption thereunder for that year; but no such application shall be received or exemption granted after the local tax rate has been approved for that year.

2  Effective Date.  This act shall take effect April 1, 2025.