New Hampshire HB 1293: taxing certain properties owned by charitable or non-profit organizations.

Bill Text

HB 1293 - AS INTRODUCED

2026 SESSION

 26-2821

 07/09

HOUSE BILL 1293

AN ACT taxing certain properties owned by charitable or non-profit organizations.

SPONSORS: Rep. Bolton, Graf. 8; Rep. Schamberg, Merr. 6

COMMITTEE: Ways and Means

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ANALYSIS

 This bill taxes the excess value of certain properties owned by charitable or non-profit organizations.

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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

 26-2821

 07/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT taxing certain properties owned by charitable or non-profit organizations.

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

 1 Taxation; Property Taxes; Real Estate and Personal Property Tax Exemption. Amend RSA 72:23, V to read as follows: 

 V.(a) The buildings, lands and personal property of charitable organizations and societies organized, incorporated, or legally doing business in this state, owned, used and occupied by them directly for the purposes for which they are established, provided that none of the income or profits thereof is used for any other purpose than the purpose for which they are established.

 (b) If the value of the buildings and lands of charitable organizations and societies in subparagraph (a) exceed $1,000,000 in any municipality, the value in excess of said sum shall be taxable at the municipal rate. A town at an annual town meeting, or the governing body of a city, may vote to increase the amount of the exemption. If a municipality and a charitable organization or a society mutually enter into a written agreement for a voluntary payment in lieu of taxes in accordance with RSA 72:23-n, this subparagraph shall not apply during the duration of the agreement.

 2 Effective Date. This act shall take effect April 1, 2027.