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HB1631: relative to the assessment of property in municipalities that are part of a multi-town school district.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- John B. Hunt House ยท Ches 11
Topics
Local government Education Housing and property
Official links
HB 1631-LOCAL - AS INTRODUCED
2018 SESSION
18-2566
06/10
HOUSE BILL 1631-LOCAL
AN ACT relative to the assessment of property in municipalities that are part of a multi-town school district.
ANALYSIS
This bill provides that if a municipality that uses a tax increment financing plan is part of a multi-town school district, it shall use the current assessment of the property within the district to calculate apportionment of the school district's operating expenses.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-2566
06/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to the assessment of property in municipalities that are part of a multi-town school district.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Municipal Economic Development and Revitalization Districts; Tax Increment Financing Plan. Amend RSA 162-K:9, III to read as follows:
III. Before formation of a development district, the municipality shall provide a reasonable opportunity to the county commissioners of any county in which any portion of the development district is located and to the members of the school board of any school district in which any portion of the development district is located to meet with the governing body. The governing body shall fully inform the county commissioners and the school boards of the fiscal and economic implications of the proposed development district. The county commissioners and the school boards may present their recommendations at the public hearing. A municipality's tax increment financing plan may include agreements with the county commissioners and the school boards in which the district is located to share a portion of the captured tax increments of the district. If the municipality is part of a multi-town school district that uses assessments to calculate the apportionment of operating expenses of the school district then the current assessment of the property within the tax increment district shall be used for this purpose.
2 Effective Date. This act shall take effect 60 days after its passage.