HB 772-FN-LOCAL - AS INTRODUCED
2003 SESSION
10/09
HOUSE BILL 772-FN-LOCAL
AN ACT including undeveloped shoreline property in land granted tax relief under current use.
SPONSORS: Rep. C. Christensen, Hills 58; Rep. Spang, Straf 72; Rep. R. L'Heureux, Hills 58; Rep. R. Laflam, Belk 29; Rep. Russell, Belk 31; Sen. Odell, Dist 8; Sen. Roberge, Dist 9
COMMITTEE: Environment and Agriculture
This bill adds undeveloped shoreline property in the open space lands granted tax relief under the provisions of RSA 79-A, current use 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-0468
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT including undeveloped shoreline property in land granted tax relief under current use.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Current Use Taxation; Definitions; Shoreline Property. Amend RSA 79-A:2, IX to read as follows:
IX. "Open space land" means any or all farm land, forest land, shoreline property, or unproductive land as defined by this section. However, "open space land" shall not include any property held by a city, town or district in another city or town for the purpose of a water supply or flood control, for which a payment in place of taxes is made in accordance with RSA 72:11.
2 New Paragraph; Definition Added; Shoreline Property. Amend RSA 79-A:2 by inserting after paragraph XI the following new paragraph:
XI-a. "Shoreline property" means shoreland of at least 2 acres having undeveloped shoreland frontage of at least 300 feet on a public water as defined in RSA 483-B:4, XVI.
3 Effective Date. This act shall take effect April 1, 2003.
LBAO
03-0468
Revised 2/18/03
HB 772 FISCAL NOTE
AN ACT including undeveloped shoreline property in land granted tax relief under current use.
FISCAL IMPACT:
The Department of Revenue Administration states they are unable to determine the fiscal impact of this bill on state, county, and local revenue or expenditures.
METHODOLOGY:
The Department states this bill could have a significant negative impact on local property tax rates and county tax rates, as well as reduce revenue from the statewide property tax. The Department states they are unable to estimate the fiscal impact at this time.