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NH HB1293

Bill

Official Source

Status

Introduced

12/1/2025

Primary Sponsor

Bill Bolton

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Removes the full property tax exemption for charitable and nonprofit organizations when their buildings and lands in a municipality exceed $1,000,000 in assessed value
  • Property value above the $1,000,000 threshold would be taxed at the standard municipal property tax rate
  • Allows towns (at annual meeting) or city governing bodies to vote to increase the exemption amount above $1,000,000
  • Exempts organizations from this new taxable threshold if they have an existing voluntary payment in lieu of taxes (PILOT) agreement with the municipality under RSA 72:23-n
  • Takes effect April 1, 2027

Legislative Description

Taxing certain properties owned by charitable or non-profit organizations.

Last Action

Refer for Interim Study: Motion Adopted Voice Vote 02/19/2026 House Journal 5

2/19/2026

Committee Referrals

Ways and Means12/1/2025

Full Bill Text

No bill text available