This bill authorizes the Department of Military Affairs and Veterans Services to lease or license property under its jurisdiction, as indicated by the new insertion in RSA 110-B:28, paragraph VII. It clarifies that any property leased or licensed to private entities that are not tax-exempt will be subject to local property taxes, which must be included in the lease agreement, as stated in the new paragraph VIII. Additionally, the bill outlines the responsibilities of lessees and licensees regarding tax payments, penalties for nonpayment, and the municipality's authority to enforce tax collection through liens and legal action.

Furthermore, the bill establishes a dedicated, nonlapsing Department of Military Affairs and Veterans Services Property Fund, as detailed in the new section 110-B:28-b. This fund will consist of appropriated moneys, gifts, grants, or donations related to department property and projects, and can be used for various expenses, including operational costs and payments in lieu of taxes. The bill does not provide funding or authorize new positions but estimates potential revenue and expenditures related to the property fund as indeterminable. The effective date for this act is set for July 1, 2026.

Statutes affected:
Introduced: 110-B:28, 6:12
As Amended by the Senate: 110-B:28, 6:12
SB492 text: 110-B:28, 6:12