SB442: (New Title) establishing a commission to study the taxability of lease interests in public property.

CHAPTER 157

SB 442-LOCAL - FINAL VERSION

02/18/2016 0471s

20Apr2016... 1289h

2016 SESSION

16-2762

10/09

SENATE BILL 442-LOCAL

AN ACT establishing a commission to study the taxability of lease interests in public property.

SPONSORS: Sen. Pierce, Dist 5; Sen. Stiles, Dist 24; Rep. Abel, Graf. 13; Rep. Almy, Graf. 13; Rep. White, Graf. 13; Rep. J. Belanger, Hills. 27; Rep. Sterling, Ches. 14; Rep. Porter, Hills. 1; Rep. Tatro, Ches. 15

COMMITTEE: Ways And Means

AMENDED ANALYSIS

This bill establishes a commission to study taxability of lease interests in public 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

02/18/2016 0471s

20Apr2016... 1289h 16-2762

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Sixteen

AN ACT establishing a commission to study the taxability of lease interests in public property.

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

157:1 New Subdivision; Commission to Study Taxability of Lease Interests in Public Property. Amend RSA 72 by inserting after section 78 the following new subdivision:

Commission to Study Taxability of Lease Interests in Public Property

72:79 Commission to Study Taxability of Lease Interests in Public Property.

I. There is established a commission to study taxability of lease interests in public property. The commission shall determine if sufficient language exists in RSA 72:23, I to define property subject to taxation.

II. The members of the commission shall be as follows:

(a) One member of the senate, appointed by the president of the senate.

(b) Two members of the house of representatives, appointed by the speaker of the house of representatives.

(c) The commissioner of the department of revenue administration, or designee.

(d) One representative of the New Hampshire Municipal Association, appointed by the association.

(e) One representative of the New Hampshire Association of Assessing Officials, appointed by the association.

III. Legislative members of the commission shall receive mileage at the legislative rate when attending to the duties of the commission.

IV. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the senate member. The first meeting of the commission shall be held within 45 days of the effective date of this section. Four members of the commission shall constitute a quorum.

V. The commission shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before December 1, 2016.

157:2 Prospective Repeal. RSA 72:79, relative to the commission to study taxability of lease interests in public property, is repealed.

157:3 Effective Date.

I. Section 2 of this act shall take effect January 1, 2017.

II. The remainder of this act shall take effect upon its passage.

Approved: May 27, 2016

Effective Date: I. Section 2 shall take effect January 1, 2017

II. Remainder shall take effect May 27, 2016