New Hampshire HB1708 adjusts education property tax rates and business profits tax rates to maintain state funding for public schools.

New Hampshire HB1708 modifies the education property tax and business profits tax rates to ensure consistent funding for public schools. The bill sets specific revenue targets for the education tax and adjusts the business profits tax rate. It also outlines procedures for distributing tax revenues to the education trust fund and compensating municipalities for any tax reductions. The changes take effect in fiscal years starting July 1, 2026, and July 1, 2027.

New Hampshire HB1708 adjusts education property tax rates and business profits tax rates to maintain state funding for public schools.

New Hampshire HB1708 modifies the education property tax and business profits tax rates to ensure consistent funding for public schools. The bill sets specific revenue targets for the education tax and adjusts the business profits tax rate. It also outlines procedures for distributing tax revenues to the education trust fund and compensating municipalities for any tax reductions. The changes take effect in fiscal years starting July 1, 2026, and July 1, 2027.