HB1708: relative to statewide education property taxes and other tax revenues.

Related law links

RSA references from bill data

• 198:39 · repeal · effective 2027-07-01

  x imposed by RSA 77-A:2 for each fiscal year and shall certify such amounts to the state treasurer by October 1 of that year for deposit in the education trust fund established by RSA 198:39. 5 Taxation; Business Profits Tax; Distribution of Funds. RSA 77-A:20-a, I is repealed and reenacted to read as follows: I. The commissioner shall determine 42 percent of the revenue produced by the tax imposed by R

• 198:42 · reference · effective 2027-07-01

  to the state education property tax reduction as a result of this act. Any amounts identified shall be paid to impacted municipalities pursuant to the distribution schedule under RSA 198:42. Payments to impacted municipalities shall be capped at $90,000,000. 9 Effective Date. I. Section 5 of this act shall take effect July 1, 2027. II. Section 6 of this act shall take effect July 1, 2028. III.

• 21-J:3 · amend · effective 2027-07-01

  RSA 21-J:9-a to read as follows: The following procedures shall apply in determining the equalization of property within the cities, towns, and unincorporated places required by RSA 21-J:3, XIII or RSA 76, but shall not affect a municipality's requirements for inventory of property and assessment of taxes as of April 1: 3 Taxation; Business Profits Tax; Imposition of Tax. Amend RSA 77-A:2, III to read

• 21-J:9-A · amend · effective 2027-07-01

  funding that SWEPT provides to public schools. 2 The State and Its Government; Department of Revenue Administration; Equalization Procedure. Amend the introductory paragraph of RSA 21-J:9-a to read as follows: The following procedures shall apply in determining the equalization of property within the cities, towns, and unincorporated places required by RSA 21-J:3, XIII or RSA 76, but shall not affect a mu

• 76 · amend · effective 2027-07-01

  d as follows: The following procedures shall apply in determining the equalization of property within the cities, towns, and unincorporated places required by RSA 21-J:3, XIII or RSA 76, but shall not affect a municipality's requirements for inventory of property and assessment of taxes as of April 1: 3 Taxation; Business Profits Tax; Imposition of Tax. Amend RSA 77-A:2, III to read as follows: I

• 76:3 · repeal · effective 2027-07-01

  surer by October 1 of that year for deposit in the education trust fund established by RSA 198:39. 7 Taxation; Apportionment, Assessment and Abatement of Taxes; Education Tax RSA 76:3 is repealed and reenacted to read as follows: I. For the fiscal year beginning July 1, 2026, the commissioner of the department of revenue administration shall set the education tax rate at a level sufficient to gener

• 76:8 · reference · effective 2027-07-01

  t of revenue administration shall set the education tax rate at a level sufficient to generate revenue of $346,000,000 when imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the reve

• 77-A:2 · amend · effective 2027-07-01

  , but shall not affect a municipality's requirements for inventory of property and assessment of taxes as of April 1: 3 Taxation; Business Profits Tax; Imposition of Tax. Amend RSA 77-A:2, III to read as follows: III. For all taxable periods ending on or after December 31, [2023] 2026, a tax is imposed at the rate of [7.5] 8.5 percent upon the taxable business profits of every business organization.

• 77-A:20-A · repeal · effective 2027-07-01

  26, a tax is imposed at the rate of [7.5] 8.5 percent upon the taxable business profits of every business organization. 4 Taxation; Business Profits Tax; Distribution of Funds. RSA 77-A:20-a, I is repealed and reenacted to read as follows: I. The commissioner shall determine 40 percent of the revenue produced by the tax imposed by RSA 77-A:2 for each fiscal year and shall certify such amounts to the state

• 82 · reference · effective 2027-07-01

  tion tax rate at a level sufficient to generate revenue of $346,000,000 when imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the revenue required in this section. II. For the f

• 83-F · reference · effective 2027-07-01

  te at a level sufficient to generate revenue of $346,000,000 when imposed on all persons and property taxable pursuant to RSA 76:8, except property subject to tax under RSA 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest 1/2 cent necessary to generate the revenue required in this section. II. For the fiscal year be

RSAs mentioned by this document

• RSA 21-J · DEPARTMENT OF REVENUE ADMINISTRATION
• RSA 76 · APPORTIONMENT, ASSESSMENT AND ABATEMENT OF TAXES
• RSA 77-A · BUSINESS PROFITS TAX
• RSA 82 · TAXATION OF RAILROADS
• RSA 83-F · UTILITY PROPERTY TAX
• RSA 198 · SCHOOL MONEY
• RSA 198:39 · Education Trust Fund Created and Invested
• RSA 198:42 · Distribution Schedule of Adequate Education Grants; Appropriation
• RSA 21-J:3 · Duties of Commissioner
• RSA 76:3 · Education Tax
• RSA 76:8 · Commissioner's Warrant
• RSA 77-A:2 · Imposition of Tax