Bill

Bill > HB688


NH HB688

Authorizing municipalities to tax charitable gaming facilities based on their enterprise value.


summary

Introduced
01/21/2025
In Committee
03/05/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

This bill: I. Establishes a charitable gaming facilities tax. II. Allows cities or towns to vote to choose not to collect the charitable gaming facilities tax.

AI Summary

This bill authorizes municipalities to impose a tax on charitable gaming facilities based on their enterprise value, allowing cities and towns to opt out of collecting this tax if they choose. While the specific details of the tax are not provided in the bill text, the legislation would create a new mechanism for local governments to potentially generate revenue from charitable gaming operations. The bill is set to take effect on April 1, 2026, and is currently awaiting a complete fiscal note from relevant state agencies, including the Department of Revenue Administration, Lottery Commission, and New Hampshire Municipal Association. At this stage, the full financial implications of the bill are not yet fully understood, as the agencies contacted are still gathering and analyzing information about the potential economic impact of the proposed tax.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Inexpedient to Legislate: Motion Adopted Voice Vote 03/13/2025 House Journal 8 P. 16 (on 03/13/2025)

bill text


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