HB 1317-FN-LOCAL - AS INTRODUCED

2003 SESSION

03-2260

10/09

HOUSE BILL 1317-FN-LOCAL

AN ACT requiring cities and towns to complete valuations of property and relative to the implementation of property tax hardship relief provisions.

SPONSORS: Rep. DiFruscia, Rock 76; Rep. Bruno, Hills 45; Rep. Weyler, Rock 79; Rep. Phinizy, Sull 23

COMMITTEE: Municipal and County Government

ANALYSIS

This bill requires cities and towns to complete valuations of property by December 31, 2004. The bill also requires the attorney general to supervise the department of revenue administration in implementing the low and moderate income homeowners property tax hardship relief provisions.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03-2260

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

AN ACT requiring cities and towns to complete valuations of property and relative to the implementation of property tax hardship relief provisions.

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

1 Property Valuations. All cities and towns which have not completed a property valuation for the purpose of the assessment of property taxes within the 5-year period preceding the effective date of this act, as required pursuant to article 6, part II of the New Hampshire constitution, shall complete such valuation no later than December 31, 2004. A city or town not in compliance with this section shall not be distributed grants under RSA 198:42 until, to the satisfaction of the commissioner of revenue administration, such reevaluation is completed.

2 Implementation of Hardship Relief Required. The attorney general shall supervise the department of revenue administration in implementing the low and moderate income homeowners property tax hardship relief provisions under RSA 198:57, and shall report monthly to the speaker of the house and senate president on the progress of such implementation. Any violation of this section by any employee of the department of revenue administration or the attorney general shall be cause for removal.

3 Effective Date. This act shall take effect 60 days after its passage.

LBAO

03-2260

8/27/03

HB 1317-FN-LOCAL - FISCAL NOTE

AN ACT requiring cities and towns to complete valuations of property and relative to the implementation of property tax hardship relief provisions.

FISCAL IMPACT:

The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the Department of Revenue Administration. The Department was sent a request for a fiscal note worksheet on June 12, 2003. When information is received from the Department and the fiscal note is completed, the fiscal note will be forwarded to the House Clerk''s Office.