HB 1341 - AS INTRODUCED
2001 SESSION
09/01
HOUSE BILL 1341
This bill establishes that education property tax revenues shall be used only by local school districts for educational purposes.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-2294
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to permissible uses of education property tax revenues.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Permissible Uses of Education Property Tax Revenues.. Amend RSA 76:3 to read as follows:
76:3 Education Property Tax.
I. An annual education property tax at the uniform rate of $5.80 on each $1000 of the value of taxable property is hereby imposed on all persons and property taxable pursuant to RSA 72 and RSA 73, except property subject to tax under RSA 82 and RSA 83-F.
II. Education property tax revenues shall be used exclusively by local school districts for educational purposes. The state shall make no claim on such revenues as a basis to adopt any law which would otherwise create an unfunded mandate.
2 Effective Date. This act shall take effect 60 days after its passage.