This bill amends RSA 72:23 to provide property tax relief and exemptions for certain religious organizations that rent 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 the compensation of religious leaders, maintenance of the properties, or funding standard religious programs. The bill defines "religious organization" to include various types of houses of worship and stipulates that an organization can only claim one exemption under these new provisions.

The bill also specifies that a religious organization can rent out no more than one church parsonage or similar residential property and/or one worship building to qualify for the tax exemption. The new legal language inserted into the current law includes provisions (a), (b), and (c) that outline the conditions under which these exemptions apply. The act is set to take effect on April 1, 2026, and will apply to all taxable periods ending after December 31, 2025.

Statutes affected:
Introduced: 72:23