Bill > HB1144

This bill amends the excavation tax rate by doubling the current tax from $0.02 to $0.04 per cubic yard of earth excavated. The bill modifies the existing law regarding taxation of earth excavation, maintaining the exemption of earth from standard real property taxation while imposing an excavation tax on property owners. The tax will apply to earth as defined in RSA 155-E:1, I, and will continue to have certain exemptions, though those specific exemptions are not detailed in the provided text. According to the fiscal note, while the bill takes effect on July 1, 2027, it will not have a fiscal impact until fiscal year 2030. The Department of Revenue Administration estimates that based on 2024 data, when 12.1 million cubic yards of taxable earth were excavated, this rate increase would generate an additional $242,000 statewide for local municipalities. The tax is collected locally, meaning the financial impact will be felt at the municipal level.

Budget and Finance

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1538&inflect=2