HB 359 - AS AMENDED BY THE HOUSE

20Jan2016... 2408h

2015 SESSION

15-0781

10/09

 

HOUSE BILL 359

 

AN ACT allowing all municipalities to adopt the property tax exemption to foster commercial and industrial construction.

 

SPONSORS: Rep. F. McCarthy, Carr 2; Rep. Cordelli, Carr 4; Rep. Buco, Carr 2; Rep. Avellani, Carr 5; Rep. Crawford, Carr 4; Sen. Bradley, Dist 3

 

COMMITTEE: Ways and Means

 

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AMENDED ANALYSIS

 

This bill extends the property tax exemption currently available only in Coos county to all municipalities in the state to foster commercial and industrial construction.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 

20Jan2016... 2408h 15-0781

10/09

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Fifteen

 

AN ACT allowing all municipalities to adopt the property tax exemption to foster commercial and industrial construction.

 

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

 

1  Property Taxation; Commercial and Industrial Construction Exemption; Change to Statewide.  Amend RSA 72:75, I(b) to read as follows:

(b)  “Eligible municipality” shall mean any city or town [in Coos county].

2  Effective Date.  This act shall take effect 60 days after its passage.