Bill Text: NH SB503 | 2018 | Regular Session | Enrolled


Bill Title: Relative to increasing the maximum amount of the optional veterans' tax credit.

Spectrum: Bipartisan Bill

Status: (Passed) 2018-06-04 - Signed by the Governor on 05/30/2018; Chapter 0148; Effective 04/01/2018 [SB503 Detail]

Download: New_Hampshire-2018-SB503-Enrolled.html

SB 503 - VERSION ADOPTED BY BOTH BODIES

 

02/22/2018   0793s

2018 SESSION

18-2815

10/05

 

SENATE BILL 503

 

AN ACT relative to increasing the maximum amount of the optional veterans' tax credit.

 

SPONSORS: Sen. Gannon, Dist 23; Sen. Bradley, Dist 3; Sen. Feltes, Dist 15; Sen. Innis, Dist 24; Sen. Hennessey, Dist 5; Sen. Kahn, Dist 10; Sen. Lasky, Dist 13; Sen. Sanborn, Dist 9; Sen. Watters, Dist 4; Sen. Cavanaugh, Dist 16; Sen. French, Dist 7; Sen. Fuller Clark, Dist 21; Sen. Giuda, Dist 2; Sen. Ward, Dist 8; Rep. McConnell, Ches. 12; Rep. V. Sullivan, Hills. 16; Rep. Burton, Straf. 6

 

COMMITTEE: Public and Municipal Affairs

 

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AMENDED ANALYSIS

 

This bill allows towns and cities to adopt an increase of the optional veterans’ tax credit against property taxes up to $750.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

02/22/2018   0793s 18-2815

10/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT relative to increasing the maximum amount of the optional veterans' tax credit.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Property Taxation; Optional Veterans’ Tax Credit.  Amend RSA 72:28, II to read as follows:

II.  The optional veterans’ tax credit, upon adoption by a city or town pursuant to RSA 72:27-a, shall be an amount from $51 up to [$500] $750.  The optional veterans’ tax credit shall replace the standard veterans’ tax credit in its entirety and shall not be in addition thereto.

2  Effective Date.  This act shall take effect April 1, 2018.

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