Bill > HB1494

This bill increases the maximum amount of three optional tax credits for veterans and their surviving spouses in New Hampshire. Specifically, the optional veterans' tax credit would increase from $750 to $1,000, the optional combat service tax credit would increase from $500 to $750, and the optional surviving spouse tax credit would increase from $2,000 to $2,500. These tax credits are optional and can be adopted by individual cities and towns, allowing local governments to provide additional financial support to veterans, combat service members, and surviving spouses of military personnel who died while on active duty. The bill specifies that municipalities that have previously adopted these credits will not need to re-adopt them with the new maximum amounts, and the changes will take effect on April 1, 2027. These tax credits are designed to provide property tax relief for eligible veterans and their families, recognizing their service and sacrifice.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1479&inflect=2