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 scope of educational facilities that must be used for instructional purposes for at least 20 years, with provisions for potential penalties if the facilities are discontinued within that timeframe. The act is set to take effect on July 1, 2025.

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