HB1213: exempting persons age 70 and older from the state and local education portion of property taxes.

HB 1213-FN-LOCAL - AS INTRODUCED

2003 SESSION

03-2002

10/09

HOUSE BILL 1213-FN-LOCAL

AN ACT exempting persons age 70 and older from the state and local education portion of property taxes.

SPONSORS: Rep. J. Flanders, Rock 79; Rep. Packard, Rock 75; Rep. Welch, Rock 79; Rep. Stevens, Carr 7; Rep. Morris Rock 84

COMMITTEE: Ways and Means

ANALYSIS

This bill exempts persons age 70 and older from the state and local education portion of their property taxes.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03-2002

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Three

AN ACT exempting persons age 70 and older from the state and local education portion of property taxes.

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

1 New Section; Education Taxes Exemption; Persons Age 70 and Older. Amend RSA 72 by inserting after section 42 the following new section:

72:42-a Education Tax Exemption; Persons Age 70 and Older. Any person who is age 70 or older, upon application to the selectmen or assessor, shall be exempt from payment of the portion of property taxes designated for state education and local education. The exemption shall apply only to the person's primary residence.

2 Interpretation and Rules; Reference Added. Amend RSA 72:43, I(a) to read as follows:

(a) [His] The commissioner's interpretation and construction of RSA 72:39-a, RSA 72:39-b, [and] RSA 72:41, and RSA 72:42-a; and

3 Effective Date. This act shall take effect April 1, 2004.

LBAO

03-2002

Revised 11/17/03

HB 1213 FISCAL NOTE

AN ACT exempting persons age 70 and older from the state and local education portion of property taxes.

FISCAL IMPACT:

The Department of Revenue Administration indicates state education trust fund and local revenue will decrease by an indeterminable amount in FY 2005 and each year thereafter. There will be no fiscal impact on county revenue and state, county and local expenditures.

METHODOLOGY:

The Department of Revenue Administration states this bill stipulates that any person 70 or older shall be exempt from payment of state and local property taxes that are designated for education on their primary residence. The Department indicates they do not have information to determine age and property value, therefor, the Department cannot determine the fiscal impact of this legislation.