New Hampshire HB 1400: creating a property tax exemption and credit opt-out mechanism.

Bill Text

HB 1400 - AS INTRODUCED

2026 SESSION

 26-3233

 04/09

HOUSE BILL 1400

AN ACT creating a property tax exemption and credit opt-out mechanism.

SPONSORS: Rep. J. Smith, Carr. 5; Rep. Avellani, Carr. 4; Rep. J. MacDonald, Carr. 6; Rep. Peternel, Carr. 6; Rep. Spillane, Rock. 2; Rep. Turcotte, Straf. 4; Sen. McConkey, Dist 3

COMMITTEE: Municipal and County Government

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ANALYSIS

 This bill allows property owners to opt out of contributing toward locally adopted property tax credits or exemptions by annually submitting form PA-29, unless they are currently receiving such benefits.

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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 26-3233

 04/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT creating a property tax exemption and credit opt-out mechanism.

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

 1 New Paragraph; Procedure for Adoption, Modification, or Rescission; Opt Out Procedure. Amend RSA 72:27-a by inserting after paragraph IV the following new paragraph: 

 V. A property owner may opt out of contributing towards all locally adopted property tax credits or exemptions by checking the appropriate box on form PA-29 and submitting that form annually by April 15th. A property owner receiving any locally adopted tax credit or exemption may not opt out. 

 2 Effective Date. This act shall take effect 60 days after its passage.