NH HB1474

Establishes a new Meals and Rooms Municipal Revenue Fund to distribute 30% of net meals and rooms tax revenue to municipalities annually by December 1, beginning in 2026

Creates a distribution formula based on adjusted population (excluding residents in tax-exempt housing such as college dormitories, prisons, county nursing homes, and non-profit nursing homes) and equalized property values

Limits eligibility to municipalities with an average equalized property value per adjusted population of $500,000 or less, with distribution amounts calculated using a formula that factors in the difference from this threshold

Repeals existing provisions in RSA 78-A:26, III and IV regarding meals and rooms tax disposition, as well as RSA 198:39, II(i) relating to school revenue sharing in property tax calculations

Takes effect July 1, 2026