HB 1263-FN-A-LOCAL - AS INTRODUCED
2001 SESSION
04/09
HOUSE BILL 1263-FN-A-LOCAL
AN ACT establishing the statewide cost of an adequate education at zero dollars and repealing the education property tax.
This bill repeals the education property tax and establishes the statewide cost for an adequate education for the biennium beginning July 1, 2002, and every biennium thereafter, at zero dollars.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-2047
04/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT establishing the statewide cost of an adequate education at zero dollars and repealing the education property tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Repeal. The following are repealed:
I. RSA 21-I:18, I(1), relative to the purchase of services by the department of administrative services for the administration of low and moderate income homeowners property tax relief.
II. RSA 76:3, relative to education property tax.
III. RSA 83-F:9, relative to an exemption from the education property tax.
IV. RSA 198:56 - 61, relative to low and moderate income homeowners property tax relief.
2 School Money; Determination of Per Pupil Adequate Education Cost and Adequate Education Grant. RSA 198:40 is repealed and reenacted to read as follows:
198:40 Determination of Per Pupil Adequate Education Cost and Adequate Education Grant. For the biennium beginning July 1, 2002, and every biennium thereafter, the cost per pupil shall be established as follows:
I. The state cost for an adequate education shall be zero dollars.
II. The state adequacy cost of zero dollars shall not be construed to limit or impair state targeted aid to individual schools, school districts, or local educational initiatives.
3 Effective Date. This act shall take effect July 1, 2002.
LBAO
01-2047
9/19/01
HB 1263-FN-A-LOCAL - FISCAL NOTE
AN ACT establishing the statewide cost of an adequate education at zero dollars and repealing the education property tax.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from an agency.