NH HB1800

Raises the statewide education property tax (SWEPT) from a fixed $363 million revenue target to $5 per $1,000 of assessed property valuation, effective July 1, 2027

Creates three tax credits against SWEPT: 20% for primary residences, 10% for persons with no children in local public schools, and 10% for persons over age 65

Redirects SWEPT collections from local retention to the Department of Revenue Administration for redistribution back to municipalities for school district use

Establishes an "Excellence in Education Grant" formula of $10,000 per enrolled student plus $4,000 per student qualifying for free or reduced-price meals, with 2% annual increases

Repeals extraordinary need grants under RSA 198:40-f and related calculation provisions