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HB1359: relative to the tax credit for service-connected disability.

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

Sponsors

Topics

Local government Taxation

Official links

HB 1359 - AS INTRODUCED

2016 SESSION

16-2518

10/06

HOUSE BILL 1359

AN ACT relative to the tax credit for service-connected disability.


ANALYSIS

This bill allows towns and cities to increase the optional tax credit for service-connected disability to 100 percent of the property tax on the person's residential property.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

16-2518

10/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Sixteen

AN ACT relative to the tax credit for service-connected disability.

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

1 Property Taxation; Tax Credit for Service-Connected Total Disability; Optional Amount. Amend RSA 72:35, I-a to read as follows:

I-a. The optional tax credit for service-connected total disability, upon adoption by a city or town pursuant to RSA 72:27-a, shall be an amount from $701 up to [$2,000] 100 percent of the total amount due on the annual property tax bill for the person’s residential property. The optional tax credit for service-connected total disability shall replace the standard tax credit in its entirety and shall not be in addition thereto.

2 Effective Date. This act shall take effect April 1, 2016.