Bill > HB1400

This bill creates a mechanism for property owners to opt out of contributing to locally adopted property tax credits or exemptions by annually submitting form PA-29 by April 15th, with one key restriction: property owners who are currently receiving any local tax credit or exemption cannot opt out. The bill amends an existing law (RSA 72:27-a) by adding a new paragraph that establishes this opt-out procedure. Specifically, property owners who wish to stop contributing to local property tax credits or exemptions must check a specific box on the PA-29 form and submit it each year by the April 15th deadline. The bill will go into effect 60 days after its passage, providing time for local governments and property owners to understand and implement the new opt-out process. This legislation appears designed to give property owners more control over which local tax credits and exemptions they financially support, while preventing those already benefiting from such programs from opting out.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=2445&inflect=2