HB 98-FN - AS INTRODUCED

 

 

2023 SESSION

23-0155

02/10

 

HOUSE BILL 98-FN

 

AN ACT relative to applications for the low and moderate income homeowners property tax relief program.

 

SPONSORS: Rep. Melvin, Rock. 20

 

COMMITTEE: Municipal and County Government

 

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ANALYSIS

 

This bill changes the date of the beginning of the filing period to submit applications for state education tax relief to the department of revenue administration.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

23-0155

02/10

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty Three

 

AN ACT relative to applications for the low and moderate income homeowners property tax relief program.

 

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

 

1  Filing Period; Low and Moderate Income Homeowners Property Tax Relief.  Amend RSA 198:57, VI(a) to read as follows:

VI.(a) Complete applications for state tax relief shall be filed with the department of revenue administration between [May 1] February 1 and June 30 following the due date of the final tax bill as defined in RSA 76:1-a for state education property taxes.

2  Effective Date.  This act shall take effect July 1, 2023.

 

LBA

23-0155

Revised 10/21/22

 

HB 98-FN- FISCAL NOTE

AS INTRODUCED

 

AN ACT relative to applications for the low and moderate income homeowners property tax relief program.

 

FISCAL IMPACT:      [ X ] State              [    ] County               [    ] Local              [    ] None

 

 

 

Estimated Increase / (Decrease)

STATE:

FY 2023

FY 2024

FY 2025

FY 2026

   Appropriation

$0

$0

$0

$0

   Revenue

$0

$0

$0

$0

   Expenditures

$0

Indeterminable Increase

Indeterminable Increase

Indeterminable Increase

Funding Source:

  [    ] General            [ X ] Education            [    ] Highway           [    ] Other

 

 

 

 

 

METHODOLOGY:

This bill changes the application start date for the Low and Moderate Income Homeowners Property Tax Relief from May 1st to February 1st.  The bill is effective July 1, 2023.

 

The Department of Revenue Administrative states the proposed legislation expands the filing time frame, which may increase the number of filers resulting in an indeterminable increase in the expenditures for the Education Trust Fund.

 

The Department notes RSA 21:J-3 XIII requires equalizing the valuation of properties in each municipality by May 1st annually, therefore the equalized ratios necessary for property tax owners to calculate their property tax relief may not be available for the February 1st filings.

 

AGENCIES CONTACTED:

Department of Revenue Administration