Expands property tax exemption for religious organizations in New Hampshire to include certain residential real estate and personal property.
New Hampshire HB585 amends the property tax exemption for religious organizations to include residential real estate and personal property used for religious purposes. Specifically, it exempts religious organizations from taxation on properties such as church parsonages and worship buildings, provided the rental income, if any, is used for religious leader’s compensation, maintenance, or funding of religious programs. This act applies to all taxable periods ending after December 31, 2024, and takes effect upon passage.
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