This bill amends RSA 72:23 to provide property tax relief and exemptions for certain religious organizations that rent facilities to entities with similar missions. Specifically, it introduces new provisions that allow religious organizations to maintain their tax-exempt status when 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 religious programs. The bill stipulates that a religious organization can only claim one exemption under these new provisions.

The bill also clarifies that the tax exemptions apply to religious organizations that own and occupy properties directly for religious purposes, including houses of worship and associated buildings. The new legal language includes definitions and conditions for the exemptions, ensuring that the rental activities align with the organization's mission. 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