New Hampshire HB1400 creates a mechanism for property owners to opt out of contributing to locally adopted property tax credits or exemptions.
New Hampshire HB1400 amends RSA 72:27-a to introduce a new procedure allowing property owners to opt out of contributing to locally adopted property tax credits or exemptions. This is achieved by checking a box on form PA-29 and submitting it annually by April 15th. Property owners who already receive these tax credits or exemptions are not eligible to opt out. The changes will take effect 60 days after the bill's passage.
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- Core Provisions
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- Legal Framework
- Critical Issues
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