2001 SESSION

01-2102

10/01

HOUSE BILL 1297

COMMITTEE: Municipal and County Government

ANALYSIS

This bill provides that land of a property owner which is subject to a recorded conservation, agricultural preservation, or discretionary easement or other development restriction held by the state or a political subdivision shall be exempt from property taxation.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01-2102

10/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand One

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

1 New Paragraph; Property Tax Exemption; Property Subject to Governmental Easement or Restriction. Amend RSA 72:23 by inserting after paragraph II the following new paragraph:

II-a. Real property, or the applicable part thereof, owned by any person which is subject to a recorded conservation, agricultural preservation, or discretionary easement or other development restriction held by the state, a city, town, county, school district, or village district, which provides a demonstrated public benefit.

2 Discretionary Easements Held by Cities or Towns. RSA 79-C:7 is repealed and reenacted to read as follows:

79-C:7 Property Tax Exemption for Land Subject to Discretionary Easement. The land which is subject to a discretionary easement acquired by a municipality, excluding any buildings, their curtilage, appurtenances, or other improvements, shall be exempt from the assessment of property taxes for the duration of the discretionary easement.

3 Effective Date. This act shall take effect April 1, 2002.