summary
Introduced
12/11/2023
12/11/2023
In Committee
02/09/2024
02/09/2024
Crossed Over
Passed
Dead
06/28/2024
06/28/2024
Introduced Session
2024 Regular Session
Bill Summary
This bill reduces the meals and rooms tax rate for taxable meals from 8.5 percent to 7.5 percent and sets a minimum amount of revenue apportioned to towns.
AI Summary
This bill reduces the meals and rooms tax rate for taxable meals from 8.5 percent to 7.5 percent, and sets a minimum amount of $129,200,000 that must be apportioned to towns from the meals and rooms municipal revenue fund, even if that exceeds 30 percent of the net revenue. The bill is estimated to decrease state general fund revenue by an indeterminable amount starting in fiscal year 2025, while increasing the amount distributed to towns from the meals and rooms municipal revenue fund.
Committee Categories
Budget and Finance
Sponsors (7)
Tim McGough (R)*,
Cy Aures (R),
Bill Boyd (R),
Maureen Mooney (R),
Jon Stone (R),
Joe Sweeney (R),
Ken Weyler (R),
Last Action
Inexpedient to Legislate: Motion Adopted Voice Vote 02/22/2024 House Journal 6 P. 20 (on 02/22/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=2176&sy=2024&sortoption=&txtsessionyear=2024&txtbillnumber=HB1515 |
| BillText | https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2024&id=1264&txtFormat=html |
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