This bill mandates that any special warrant articles with multi-year tax impacts in towns that have opted to require tax impact notations must include a specific notation detailing the estimated tax impact for each year over the first five years, or for each year if the tax impact is less than five years. The bill amends RSA 32:5, V-b to include new language that states, "Any special warrant articles voted on pursuant to this paragraph with multi-year tax impacts, or containing lease agreements with or without non-appropriation clauses, shall contain a notation stating the estimated tax impact each year for the first 5 years, or each year if the tax impact is less than 5 years."

Additionally, the bill clarifies that the requirement for tax impact notations applies to any town or district that has already adopted such a requirement for their annual budget and special warrant articles, eliminating the need for local amendments or re-adoption. The effective date of the act is set for 60 days after its passage, which is anticipated to be August 30, 2025.

Statutes affected:
Introduced: 32:5
Version adopted by both bodies: 32:5
CHAPTERED FINAL VERSION: 32:5