This bill enables municipalities to impose a payment in lieu of taxes (PILOT) on certain non-profit organizations based on the assessed value of their property. Specifically, it amends RSA 72:27-a to include a new section, RSA 72:43-i, which mandates that non-profit organizations exempt from property taxes must pay 25% of the municipal property tax rate on all real and personal property they own within the municipality. The bill also allows cities and towns that adopt this provision to create ordinances or bylaws that may include exemptions from payment and consider community benefits as part of the payment agreement.

Additionally, the bill specifies that certain religious properties, including houses of worship and related buildings, are exempt from these payments. The language of the bill includes the insertion of RSA 72:43-i and outlines the procedure for municipalities to adopt, modify, or rescind these provisions. The effective date for this act is set for April 1, 2026.

Statutes affected:
Introduced: 72:27-a