This bill allows charitable organizations to request a property tax exemption for the 2024 tax year if they can demonstrate to the selectmen that they were unable to file their statement of financial condition by the June 1, 2024 deadline due to accident, mistake, or misfortune. The bill stipulates that if a qualified organization fails to file on time, they may still receive a retroactive exemption for the tax year ending March 31, 2025, provided they meet the necessary criteria. Additionally, if the selectmen deny the exemption request, the organization has the right to appeal the decision to the board of tax and land appeals or the superior court.

The legal language in the bill includes the insertion of provisions that allow for the retroactive granting of property tax exemptions and the appeal process for denied requests. Specifically, the bill modifies RSA 72:23 and RSA 72:34-a to accommodate these changes, while deleting the requirement for timely filing as a strict condition for exemption eligibility. The act is set to take effect upon its passage, which is noted as May 14, 2025.