New Hampshire HB1528 modifies the method for rescinding local tax caps in municipal budgets.
New Hampshire HB1528 amends the method for rescinding local tax caps in municipal budgets. It specifies that local political subdivisions that adopted RSA 32:5-b after July 1, 2025, can rescind their tax cap decisions through a vote, requiring a majority of those voting. For those that adopted the tax cap before July 1, 2025, a 3/5 majority is required. The bill repeals the current method for rescinding tax caps and sets different effective dates for its sections.
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