New Hampshire HB1385 prohibits the Department of Revenue Administration from setting negative tax rates for municipalities with minimal or no public.

New Hampshire HB1385 amends the state's tax code to prohibit the Department of Revenue Administration from accepting or setting any negative tax rates for localities that have minimal or no public education costs in their budgets but still contain taxable property. This change aims to ensure that municipalities with lower public education expenses do not benefit from negative tax rates. The bill's provisions would take effect upon its passage.

New Hampshire HB1385 prohibits the Department of Revenue Administration from setting negative tax rates for municipalities with minimal or no public.

New Hampshire HB1385 amends the state's tax code to prohibit the Department of Revenue Administration from accepting or setting any negative tax rates for localities that have minimal or no public education costs in their budgets but still contain taxable property. This change aims to ensure that municipalities with lower public education expenses do not benefit from negative tax rates. The bill's provisions would take effect upon its passage.