Bill > HB234

This bill modifies the statewide education property tax calculation by introducing a new mechanism to reduce the annual education tax revenue based on excess revenue from games of chance. Specifically, the bill instructs the Commissioner of Revenue Administration to reduce the required education tax revenue by any amount received from lottery games of chance that exceeds $6,600,000 (the estimated amount from the 2023 fiscal year). This means that if lottery revenue is higher than $6,600,000 in a given year, the statewide education property tax rate will be correspondingly lowered, potentially providing tax relief for property owners. The bill aims to create a direct link between lottery revenue and education property taxes, effectively using excess lottery funds to offset education tax burden. The changes will take effect on July 1, 2025, and while the fiscal impact is currently considered indeterminable, the intent is to provide a potential mechanism for reducing education property taxes through alternative revenue sources.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=0280&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB234