NH HB1787

Renames the Statewide Education Property Tax (SWEPT) to the Uniform Statewide Education Property Tax (USWEPT) and requires revenues be remitted to the state treasurer for deposit into the education trust fund, rather than being retained locally by municipalities

Increases the SWEPT revenue target from $363 million to $378 million beginning July 1, 2027, with automatic 2% annual increases thereafter

Expands the Low and Moderate Income Homeowners Property Tax Relief program by raising income eligibility limits to $85,000 for single filers and $100,000 for married/head of household, and including both local and state education property taxes in rebate calculations

Caps property tax relief at $1,100 per claimant and $30,000,000 in aggregate annually, with income thresholds and dollar amounts adjusted annually for inflation based on the Consumer Price Index

Creates a study committee to examine extending property tax relief to renters, analyzing the relationship between household income and property values, and developing a tax deferral program for homeowners facing temporary hardship