Bill > HB585

This bill modifies the existing property tax exemption for religious organizations by allowing tax exemptions for rental properties under specific conditions. Under the new provisions, a religious organization can be exempt from taxation on up to one church parsonage or residential property and one worship building, provided that any rental income is used for purposes such as compensating the religious leader, maintaining the property, or funding religious programs. The bill defines a "religious organization" broadly to include various types of worship spaces like churches, synagogues, mosques, shrines, and temples. An organization can claim only one such exemption, and the new rule will apply to all taxable periods ending after December 31, 2024. The bill aims to provide financial flexibility for religious organizations by allowing them to generate some rental income while still maintaining their tax-exempt status, as long as the income is used for specific religious and maintenance purposes.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0762&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB585