HB501: allowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.

HB 501 - AS INTRODUCED

2015 SESSION

15-0628

10/06

HOUSE BILL 501

AN ACT allowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.

SPONSORS: Rep. Cheney, Straf 17; Rep. Baldasaro, Rock 5; Rep. Leeman, Straf 23; Rep. Mullen, Straf 1; Rep. Knowles, Straf 12; Sen. Carson, Dist 14

COMMITTEE: Municipal and County Government

ANALYSIS

This bill allows municipalities to extend the veterans property tax credit to residents who served for a period determined by the city or town of at least one year active duty in the armed forces, and to their surviving spouses. The bill also allows for a different tax credit amount to be applied for such veterans. The provisions of the bill apply in a municipality only after adoption by the municipality pursuant to RSA 72:27-a.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0628

10/06

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT allowing municipalities to grant a veterans property tax credit to residents who served not less than one year active duty in the armed forces.

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

1 Veterans’ Tax Credit; Eligibility. Amend RSA 72:28, IV(b) and (c) to read as follows:

(b) Every resident of this state who was terminated from the armed forces because of service-connected disability; or the surviving spouse of such resident; [and]

(c) Every resident of this state who served for a period determined by the city or town of at least one year in active duty in the armed forces of the United States and was honorably discharged or an officer honorably separated from service; or the spouse or surviving spouse of such resident; and

(d) The surviving spouse of any resident who suffered a service-connected death.

2 New Paragraph; Optional Veterans’ Tax Credit; Additional Amount. Amend RSA 72:28 by inserting after paragraph IV the following new paragraph:

IV-a. A city or town adopting the veterans’ tax credit for persons qualifying under subparagraph IV(c) may adopt a different optional tax credit amount under paragraph II to apply only to those persons qualifying under subparagraph IV(c).

3 Effective Date. This act shall take effect April 1, 2015.