Bill > HB1528

This bill modifies the process for local communities to rescind tax caps in New Hampshire, creating different rules based on when the tax cap was originally adopted. Specifically, for towns that adopted a tax cap before July 1, 2025, the bill allows them to repeal the tax cap through a simple majority vote, which is easier than the typical three-fifths majority requirement. For towns adopting a tax cap after July 1, 2025, the traditional three-fifths majority threshold for repealing the tax cap will remain in place. The bill provides a specific voting question for communities to use when considering tax cap repeal, which asks voters if they want to remove the limit on budget increases raised by local taxes. The legislation has a phased implementation, with different sections of the bill taking effect in 2025, 2026, and 2028. This bill essentially provides a temporary, more flexible method for communities that adopted tax caps earlier to potentially rescind those caps with less stringent voting requirements.

Government Affairs

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1909&inflect=2