This bill amends current property tax exemption laws to streamline the application process for organizations such as religious, educational, and charitable entities. It allows these organizations to file for property tax exemptions once, and they will continue to receive these exemptions unless a town assessor determines that they are no longer eligible. The bill modifies the section heading of RSA 72:23-c from "Annual List" to "Exemption List" and introduces several new provisions. Notably, it requires organizations to file a list of their real estate and personal property by April 15 of any tax year, and it allows for late applications under certain circumstances, such as accidents or mistakes.

Additionally, the bill establishes that once an application is accepted and approved, it will be treated as a permanent application. It mandates that city or town assessors conduct annual field reviews of qualifying properties to ensure continued eligibility for exemptions. Furthermore, organizations must provide additional information as requested by assessors at least once every five years, or annually if required. The effective date of this act is set for 60 days after its passage, which is August 31, 2026.

Statutes affected:
Introduced: 72:23-c
As Amended by the Senate: 72:23-c
Version adopted by both bodies: 72:23-c
CHAPTERED FINAL VERSION: 72:23-c
HB1756 text: 72:23-c