Bill
Bill > HB688
NH HB688
Authorizing municipalities to tax charitable gaming facilities based on their enterprise value.
summary
Introduced
01/21/2025
01/21/2025
In Committee
03/05/2025
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
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=0392&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB688 |
BillText | https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2025&id=399&txtFormat=html |
Loading...