Bill Text: NH HB192 | 2015 | Regular Session | Introduced

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Bill Title: Relative to the valuation of utility property.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Engrossed - Dead) 2015-04-30 - Rereferred to Committee, Motion Adopted, Voice Vote, Senate Journal 12 [HB192 Detail]

Download: New_Hampshire-2015-HB192-Introduced.html

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HB 192 - AS INTRODUCED

2015 SESSION

15-0460

10/05

HOUSE BILL 192

AN ACT relative to the valuation of utility property.

SPONSORS: Rep. Coffey, Hills 25; Rep. Carson, Merr 7; Rep. Karrick, Merr 25

COMMITTEE: Municipal and County Government

ANALYSIS

This bill provides that the value for utility property determined by the commissioner of revenue administration for the purposes of the utility property tax shall not be used for an abatement under RSA 76.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15-0460

10/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fifteen

AN ACT relative to the valuation of utility property.

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

1 Utility Property Tax; Determination of Value. Amend RSA 83-F:3 to read as follows:

83-F:3 Determination of Value. On or before December 1 of the tax year, the commissioner shall determine the market value of utility property for the purposes of this chapter by utilizing generally accepted appraisal methods and techniques. Market value means the property’s full and true value as defined under RSA 75:1. In the case of regulated public utilities as defined in RSA 362:2, the commissioner shall hold a single public hearing annually prior to performing assessments, in order to receive public input on assessments under this chapter. Notice of such determination shall be given to the taxpayer within 15 days of the commissioner’s determination. The commissioner’s determination under this section shall be used only for the purposes of this chapter and shall not be used by either the local political subdivision or the utility in any application for abatement of tax under RSA 76:16 or any appeal thereof under RSA 76:16-a or RSA 76:17.

2 Effective Date. This act shall take effect 60 days after its passage.