This bill mandates that any special warrant articles with multi-year tax impacts in towns that have already voted to require a notation of the estimated tax impact for the annual budget and all special warrant articles must include specific tax impact information. The new legal language inserted into RSA 32:5, V-b specifies that these articles must contain a 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. This requirement aims to enhance transparency regarding the financial implications of such articles for the towns' residents.

Additionally, the bill clarifies that the amended provisions will apply to any town or district that has adopted the requirement for tax impact notations, eliminating the need for local amendments or re-adoption. The effective date of the act is set for 60 days after its passage, ensuring that towns have a clear timeline for compliance with the new requirements.

Statutes affected:
Introduced: 32:5