Bill > SB275

This bill provides property tax exemptions for child day care agencies and residential child care agencies by amending existing New Hampshire tax law. Specifically, the bill adds child day care agencies and residential child care agencies to the list of educational institutions that are exempt from property taxes, such as schools, colleges, and universities. The bill also adds a definition for "child day care agency" referencing RSA 170-E:2, IV, and clarifies the definition of "charitable" for tax purposes. Additionally, the bill makes a minor language change related to school building aid grants, replacing the term "kindergarten" with "preschool" when describing instructional facilities. The provisions of this bill will take effect on July 1, 2025, giving local governments and child care agencies time to prepare for the new tax exemption. By providing this tax relief, the bill aims to support child care agencies by reducing their operating costs and potentially making child care services more affordable and accessible.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=0959&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB275