Bill > HB734

This bill modifies the state education property tax and the low- and moderate-income homeowners property tax relief program by requiring the department of revenue administration (DRA) to collect and deposit all state education property tax revenues into the education trust fund, and it revises how state education grants are calculated. It also updates the criteria for relief under the low- and moderate-income homeowners property tax relief program, including increasing income thresholds for eligibility and adjusting the calculation of the tax rebate amount, while also capping the maximum relief per claimant and the total statewide relief. Additionally, the bill mandates that tax bills clearly inform homeowners about the low- and moderate-income program and how to apply, and it establishes a committee to study the program, including its potential extension to renters and the development of a statewide property tax deferral program, with a report due by November 1, 2025.

Education

https://gc.nh.gov/bill_Status/billinfo.aspx?id=768&inflect=2