"Real liberty is neither found in despotism or the extremes of democracy, but in moderate governments.
Alexander Hamilton

Thursday, February 26, 2015

HB 680 Seeks New Version of Donor Towns

An explanatory letter from The Coalition Communities follows below.
According to the analysis of the bill contained in the bills text "This bill establishes the rate of the statewide education tax at $8 per 1,000 of the value of taxable property and transfers the authority to collect the education property tax from the municipalities to the department of revenue administration. This bill establishes a homestead exemption from the education property tax for the first $250,000 of assessed value of homestead property. The bill also requires an annual transfer of $150,000,000 from the education trust fund to the general fund"
The bill is sponsored by Rep. Gillman Shattuck (d) Hillsborough.
It is clear that this bill is targeting property rich municipalities, despite the homestead exemption.
As the letter suggests, a quick email to the members of the House Ways and Means Committee before March 4th will help assure that this bill is killed. The bill is scheduled to come out of committee on March 5th.


State Rep Glenn Cordelli said...

I do not see c=any chance for this bill but your emails can only help.
I will also talk to Reps on Ways and Means this week.

HB562 was passed thru my Education Committee and the House. It now does to Finance. This bill tries to balance those towns that have had their aid capped for 3 years with towns getting more than they would under the formula due to 2011 hold harmless payments. Finance wants to work on this and will probably do a phased approach. There is no impact for Moultonborough.

Joe Cormier/jcormier2@myfairpoint.net said...

1)Repeal and rewrite RSA 76:3 Education property Tax; DRA collects tax not town

2)Repeal and rewrite RSA 76:8 Commissioner's Assessment.

3)Amend RSA 198:39,I(k)Education Trust Fund

4)Amend RSA 198:41 Determination of Adequate Education Grants

5)Amend RSA 198:41, II(b) Reference Change

6)New Chapter; Education Property Tax Homestead Exemption; create RSA 76-A.

This (6) creates another homestead exemption.

Bankruptcy lawyers ... prepare your cases for $250,000 and not $100,000 exemptions! Take care of the little guy/gal.

NH Homestead Right is, presently, $100,000 and proposed RSA 76-A states $250,000, notwithstanding the purpose of the two statutes.

Two Homesteads or "argue" which one to use. Proposed is for education, but ...

RSA 480:1 Homestead Right


RSA 76


Sent my email.