This bill amends the eligibility requirements for tax exemptions related to charitable, nonprofit housing projects in New Hampshire. It introduces new legal language that specifies the criteria that facilities must meet to qualify for these exemptions. Key insertions include the requirement for facilities to have an open enrollment policy for elderly persons regardless of their ability to pay, to accept partial payment forms such as Medicare and Medicaid, and to provide a substantial portion of services for free. Additionally, facilities must not base compensation for directors or employees on financial performance, must include provisions in their governing documents to prevent private inurement, and must demonstrate their community contributions quantitatively.

The bill also mandates that facilities inform local municipalities of their monetary donations or volunteer contributions annually, with these contributions needing to equal at least 50% of the value received from the municipality under the current tax exemption law. The effective date for these changes is set for April 1, 2027. Overall, the bill aims to ensure that nonprofit housing and healthcare facilities operate in a manner that prioritizes community service and accessibility for elderly and disabled individuals.

Statutes affected:
Introduced: 72:23-k
As Amended by the House: 72:23-k
HB1295 text: 72:23-k