This bill amends the assessment rates for certain utilities, specifically targeting local exchange carriers and providers of Voice over Internet Protocol (VoIP) and IP-enabled services. The legislation reduces the assessment rate from 33 percent to 10 percent for the gross utility revenue of all excepted local exchange carriers and their affiliates, as well as for all providers' gross revenue received from New Hampshire retail customers for VoIP and IP-enabled services. The relevant sections of the law being amended are RSA 363-A:2, I(c) and (d), which define the assessment rates applicable to these entities.

The bill aims to provide financial relief to these service providers by significantly lowering the percentage of their gross revenue that is subject to assessment. The changes are set to take effect on July 1, 2025, allowing time for the affected entities to adjust to the new rates. The approved amendments are intended to foster a more favorable regulatory environment for VoIP and IP-enabled service providers in New Hampshire.

Statutes affected:
Introduced: 363-A:2
As Amended by the House: 363-A:2
Version adopted by both bodies: 363-A:2
CHAPTERED FINAL VERSION: 363-A:2