Bill > HB1763

This bill, known as the "Municipal Property Tax Compensation Act", requires the New Hampshire Department of Health and Human Services (DHHS) to compensate municipalities for lost property tax revenue from nonprofit residential facilities that are exempt from property taxation. The bill defines nonprofit residential facilities as residential care facilities, nursing homes, shelters, or other residential entities operated by nonprofit organizations that receive DHHS funding. Before disbursing funds to such a facility, DHHS must calculate and pay the municipality an amount equal to the lost property tax revenue, based on the property's assessed value and the municipality's current tax rate. Nonprofit residential facilities must submit documentation verifying their property's assessed value and zoning compliance, and DHHS must verify the compensation calculation with the municipality. The compensation must be paid to the municipality at least 30 days before funds are disbursed to the facility, and DHHS is prohibited from paying the facility until municipal compensation is made. The bill also requires DHHS to submit an annual report detailing the compensation paid and mandates that these facilities remain subject to local zoning and safety ordinances. The bill is set to take effect on January 1, 2027, with estimated annual costs around $23 million for compensating municipalities.

Budget and Finance, Health and Social Services

https://gc.nh.gov/bill_Status/billinfo.aspx?id=1989&inflect=2