HB 571 - AS INTRODUCED
2001 SESSION
09/01
HOUSE BILL 571
AN ACT establishing a commission to study the feasibility of creating a statewide land value assessment system for the purpose of creating a revenue source for funding education.
This bill establishes a commission to study the feasibility of creating a statewide land value assessment system for the purpose of creating a revenue source for funding education.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0396
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT establishing a commission to study the feasibility of creating a statewide land value assessment system for the purpose of creating a revenue source for funding education.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Intent. The general court recognizes that land is a socially created property value and as such represents the fairest short-term and long-term revenue raising source to fund education needs. Therefore, the general court finds that a commission should be established to examine the feasibility of creating a statewide land value assessment system for the purpose of creating a revenue source for funding education.
2 Commission Established. There is established a commission to study the feasibility of creating a statewide land value assessment system for the purpose of creating a revenue source for funding education.
3 Membership and Compensation.
I. The members of the commission shall be as follows:
(a) Two members of the house of representatives, appointed by the speaker of the house.
(b) Two members of the senate, appointed by the president of the senate.
(c) The commissioner of revenue administration or designee.
(d) One tax appraiser, appointed by the governor.
(e) A representative of the New Hampshire real estate commission, appointed by such commission.
II. Legislative members of the commission shall receive mileage at the legislative rate when attending to the duties of the commission.
4 Duties. The commission shall study the feasibility of creating a statewide land value assessment system as a revenue source for funding education. The commission shall examine current methods of assessment of land value by municipalities and the establishment of a uniform system at the state level.
5 Chairperson; Quorum. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the first-named house member. The first meeting of the commission shall be held within 45 days of the effective date of this section. Five members of the commission shall constitute a quorum.
6 Report. The commission shall make an interim report of its findings on November 1, 2001, and a final report of its findings and any recommendations for proposed legislation or before November 1, 2002, to the speaker of the house of representatives, the senate president, the house clerk, the senate clerk, the governor, and the state library.
7 Effective Date. This act shall take effect upon its passage.