NH HB1295

Establishes new eligibility requirements for tax exemptions on charitable, nonprofit community housing and health care facilities for elderly and disabled persons

Requires facilities to have an open enrollment policy regardless of ability to pay and accept Medicare/Medicaid reimbursements that may not cover full costs

Mandates that at least 20% of individuals served must pay no fee or reduced fees below the cost of services, with a published written fee schedule based on income

Prohibits compensation for directors, officers, or employees from being based primarily on the facility's financial performance

Requires facilities to demonstrate they relieve government burden and prohibit private inurement of surplus funds upon sale or dissolution; effective date April 1, 2027