This bill mandates that municipalities must include tax impact statements for budgets and warrant articles, as well as a total tax summary statement. Specifically, it amends RSA 32:5, V-a to require that all votes related to budget items or warrant articles be recorded and printed in the respective warrants. The language changes from "may" to "shall," indicating a stronger obligation for towns, school districts, and village districts to ensure that these votes are documented. Additionally, RSA 32:5, V-b is amended to require that the annual budget and special warrant articles with tax impacts must include a notation detailing the estimated tax impact, which must be phrased in a specific format.

Furthermore, the bill introduces a new requirement for a tax-impact summary statement to be included at the end of the budget or warrant article, summarizing the estimated tax impact if all proposed articles with tax impacts were to pass. The governing body will have the authority to approve the determination of these estimated tax impacts. The effective date for this act is set for January 1, 2026.