This bill amends current property tax laws to provide tax relief and exemptions for certain religious organizations that rent their facilities to other organizations with similar missions. Specifically, it introduces new provisions that allow religious organizations to maintain their tax-exempt status while renting out church parsonages or similar residential properties, as long as the rental income is utilized for specific purposes such as compensating religious leaders, maintaining the properties, or funding religious programs. The bill defines "religious organization" to include various types of houses of worship and stipulates that only one exemption can be claimed per organization.

The bill also outlines the conditions under which these exemptions apply, including a limit on the number of properties that can be rented out (not more than one church parsonage and/or one worship building). The new legal language inserted into RSA 72:23 includes provisions (a), (b), and (c) that detail the criteria for tax exemptions, while no deletions from current law are specified. The act is set to apply to all taxable periods ending after December 31, 2025, and will take effect on April 1, 2026.

Statutes affected:
Introduced: 72:23