NH HB585

Expands property tax exemptions for religious organizations to include rental properties, allowing exemption on up to one church parsonage or similar residential property and up to one worship building that is rented out

Requires that rental income from exempt properties be used for specific purposes: religious leader compensation, maintenance of worship buildings or parsonages, or funding standard religious programs

Defines "religious organization" as a single house of worship, including churches, synagogues, mosques, shrines, and temples

Limits each organization to claiming only one exemption under this new provision

Applies retroactively to all taxable periods ending after December 31, 2024, and takes effect upon passage