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 this requirement, ensuring that any special warrant articles that involve lease agreements, whether or not they contain non-appropriation clauses, also adhere to this notation requirement. The estimated tax impact must be determined and approved by the governing body of the town.

Additionally, the bill clarifies that the amended provisions will apply to any town or district that has already adopted the requirement for tax impact notations, eliminating the need for local amendments or re-adoption. The act is set to take effect 60 days after its passage, with an effective date of August 30, 2025.

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