This bill aims to provide property tax exemptions for certain child care agencies by amending existing tax laws. Specifically, it adds child day care agencies and residential child care agencies to the list of entities eligible for property tax exemptions under RSA 72:23, IV. The bill stipulates that the buildings and structures owned, used, and occupied by these agencies for their established purposes will be exempt from property taxes, similar to existing exemptions for schools and other educational institutions. Additionally, it clarifies definitions related to "charitable" organizations and introduces a specific definition for "child day care agency" as outlined in RSA 170-E:2, IV.

Furthermore, the bill modifies the requirements for facilities constructed with school building aid grants, changing the term "kindergarten" to "preschool" in RSA 198:15-a, III. This adjustment reflects a broader understanding of educational facilities and their intended use. The act is set to take effect on July 1, 2025, allowing time for implementation and adjustment to the new provisions. Overall, the bill seeks to enhance support for child care agencies by alleviating their tax burdens while ensuring that educational facilities remain dedicated to their intended purposes for a specified duration.

Statutes affected:
Introduced: 72:23, 198:15-a