2003 SESSION

03-0561

01/09

HOUSE BILL 172

COMMITTEE: Ways and Means

ANALYSIS

This bill extends the committee studying the exemption from property taxes for not-for-profit hospitals. The bill also requires the committee to include a study of the community benefits law.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03-0561

01/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

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

45:1 Committee to Study the Exemption From Property Taxes for Not-for-profit Hospitals; Duty Added. Amend 2002, 121:3 to read as follows:

121:3 Duties. The committee shall study:

I. The exemption from property taxes for not-for-profit hospitals, including the process for review of their status by municipalities.

II. Whether to return no less than 30 percent of the hospital's savings from its not-for-profit status to the appropriate community for the use of pharmaceuticals for elderly and low-income persons, and how such plans would be negotiated.

III. The community benefits law.

IV. Any other matter deemed relevant by the committee.

45:2 Study Extended. Amend 2002, 121:5 to read as follows:

121:5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the senate president, the house clerk, the senate clerk, the governor, and the state library on or before November 1, [2002] 2003.

45:3 Effective Date. This act shall take effect upon its passage.

(Approved: May 9, 2003)

(Effective Date: May 9, 2003)