HB 265-LOCAL - AS INTRODUCED
2023 SESSION
23-0236
02/10
HOUSE BILL 265-LOCAL
AN ACT relative to municipal property tax relief for installation of fire suppression systems.
SPONSORS: Rep. Burroughs, Carr. 2; Rep. Maggiore, Rock. 23; Rep. J. MacDonald, Carr. 6
COMMITTEE: Municipal and County Government
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ANALYSIS
This bill would allow municipalities to provide local tax relief for the installation of automatic fire suppression or sprinkler systems in qualifying structures under the community revitalization tax relief incentive.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
23-0236
02/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Three
AN ACT relative to municipal property tax relief for installation of fire suppression systems.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; Definitions; Qualifying Structure. Amend RSA 79-E:2, II by inserting after subparagraph (f) the following new subparagraph:
(g) A qualifying structure for the purpose of determining eligibility for tax relief for installation of automatic fire suppression or sprinkler systems under RSA 79-E:4, I, shall not include detached one or 2-family dwelling units in a structure used only for residential purposes.
2 Community Revitalization Tax Relief Incentive. Amend RSA 79-E:4, I to read as follows:
I. An owner of a qualifying structure who intends to install automatic fire suppression or sprinkler systems in such structure, or substantially rehabilitate or replace such structure may apply to the governing body of the municipality in which the property is located for tax relief. The applicant shall include the address of the property, a description of the intended rehabilitation or replacement, any changes in use of the property resulting from the rehabilitation or replacement, and an application fee.
3 Duration of Tax Relief Period. Amend RSA 79-E:5, I to read as follows:
I. The governing body may grant such tax assessment relief for a period of up to 5 years, beginning with the completion of the substantial rehabilitation or the completion of the installation of the automatic fire suppression or sprinkler system.