NH HB1227

Modifies the local tax cap calculation to include new annual debt service payments approved by voters through bond votes at annual or special meetings in the tax base once repayment begins

Updates the inflation and population-adjusted tax cap formula to add newly approved annual debt service to last year's base before applying adjustments

Applies automatically to all existing local tax caps adopted before the law takes effect, without requiring local amendment or re-adoption by towns or districts

Takes effect 60 days after passage