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 their real and personal property, provided the municipality adopts this provision. Additionally, towns and cities that choose to implement this section must establish ordinances or bylaws to facilitate agreements with these organizations, which may include exemptions or considerations for community benefits.

The bill also specifies that certain religious properties, including houses of worship and associated buildings, are exempt from these payments. The language of the bill includes the insertion of RSA 72:43-i into the existing law and allows municipalities the flexibility to adopt, modify, or rescind these provisions as outlined in RSA 72:27-a. The effective date for this act is set for April 1, 2026.

Statutes affected:
Introduced: 72:27-a