This bill aims to clarify and expand property tax exemptions for lots and buildings used for religious, educational, and charitable purposes. It repeals and reenacts sections of RSA 72:23, specifically removing the restrictive language that limited tax exemptions to lands "appertaining" to and "directly" used for these purposes. The new legal language specifies that the entire lot and building associated with religious, educational, or charitable activities shall be exempt from property taxes, thereby eliminating ambiguity and reducing the administrative burden on both exempt entities and local governments.

The bill also addresses the confusion surrounding the application of tax exemptions, which has led to significant legal expenses for exempt entities and municipalities. By clarifying that the entire property is exempt, the bill seeks to ensure that funds can be allocated more effectively towards the intended religious, educational, or charitable missions rather than on legal disputes over property use. The effective date of the act is upon its passage, allowing for immediate implementation of these clarifications.