This bill amends current law regarding property tax exemptions for charitable organizations by allowing a grace period for submitting applications for tax exemptions. Specifically, it states that any charitable organization that qualifies for a property tax exemption under RSA 72:23 for the tax year ending December 31, 2024, but fails to file a timely application by June 1, 2024, may still receive the exemption retroactively. To qualify, the organization must demonstrate to the selectmen that their failure to file was due to accident, mistake, or misfortune.

The bill also specifies that the grace period established under RSA 72:23, VI, as amended by HB 1055, will serve as the basis for a property tax abatement under RSA 76:16 for the 2024 tax year. The effective date of this act is upon its passage. The key insertion in the bill is the provision allowing for retroactive exemptions and the basis for abatement, while there are no deletions noted in the text provided.