This bill amends RSA 32:5-b, I to clarify the calculation of the estimated amount of local taxes to be raised under a local tax cap. The amendment specifies that the estimated amount must include the operating budget and all other warrant articles with a tax impact that are certified by the governing body or budget committee and posted on the warrant for the annual meeting. The language changes involve the deletion of phrases such as "as shown on the" and "with," and the insertion of phrases including "shall include the operating," "and all other warrant articles with a tax impact," and "on." Additionally, the bill clarifies that the estimated amount of local taxes to be raised for the fiscal year shall not exceed the local taxes raised for the prior year by more than the authorized tax cap.

The bill also states that the amended RSA 32:5-b will apply to local tax caps without requiring local amendment or re-adoption by the town or district. The act is set to take effect 60 days after its passage, with an approved date of July 03, 2024, and an effective date of September 01, 2024.

Statutes affected:
Introduced: 32:5-b
As Amended by the House: 32:5-b
Version adopted by both bodies: 32:5-b
CHAPTERED FINAL VERSION: 32:5-b