HB1370: (New Title) establishing a committee to study property tax relief.

CHAPTER 88

HB 1370 – FINAL VERSION

29Jan2004… 0166h

03/11/04 0699s

2004 SESSION

03-2047

10/09

HOUSE BILL 1370

AN ACT establishing a committee to study property tax relief.

SPONSORS: Rep. Gibson, Hills 58; Rep. Brady, Coos 2; Rep. Holden, Hills 48; Sen. Gallus, Dist 1

COMMITTEE: Ways and Means

AMENDED ANALYSIS

This bill establishes a committee to study property tax relief.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

29Jan2004… 0166h

03/11/04 0699s

03-2047

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Four

AN ACT establishing a committee to study property tax relief.

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

88:1 Committee Established. There is established a committee to study property tax relief, without implementing any new broad-based tax.

88:2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Five members of the house of representatives, appointed by the speaker of the house of representatives.

(b) Three members of the senate, appointed by the president of the senate.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

88:3 Duties. The committee shall study any and all existing and proposed state and local property tax relief proposals including, but not limited to, abatements, credits, exemptions, and reimbursements.

88:4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.

88:5 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 in an interim report on or before November 1, 2004 and in a final report on or before November 1, 2005.

88:6 Effective Date. This act shall take effect upon its passage.

(Approved: May 7, 2004)

(Effective Date: May 7, 2004)