NH HB1763

Requires the Department of Health and Human Services to compensate municipalities for lost property tax revenue from tax-exempt nonprofit residential facilities (nursing homes, shelters, residential care facilities) that receive state funding

Compensation must be calculated based on assessed property value and local tax rate, and paid to municipalities at least 30 days before the state disburses funds to the nonprofit facility

Nonprofit facilities must submit verification from municipal assessing officials confirming property value and zoning compliance as part of their funding applications

Mandates annual reporting to the governor and legislature on total compensation paid, facilities involved, and impact on departmental funding

Estimated fiscal impact of $11.5 million in FY 2027 (half-year), increasing to $23 million or more annually in subsequent years, funded from the General Fund; effective January 1, 2027