This bill amends RSA 72:41 to provide for the proration of property tax exemptions for individuals who are eligible for exemptions due to blindness, disability, deafness or severe hearing impairment, or age, and who own a fractional interest in residential real estate. The amendment specifies that each eligible person will receive an exemption in proportion to their fractional interest in the property. The exemptions are based on the statutes RSA 72:37 for the blind, RSA 72:37-b for the disabled, RSA 72:38-b for the deaf or severely hearing impaired, and RSA 72:39-b for the elderly. The bill ensures that the total exemption for all eligible persons does not exceed the amount provided in the respective statutes.

The bill also states that these amendments to RSA 72:41 will apply beginning with the 2024 property tax year and do not require local re-adoption by the municipality. The effective date of the act is April 1, 2024. The legal language inserted into the current law includes references to the specific statutes for each category of exemption and the inclusion of gender-neutral language by adding "or her" alongside "his." There are no deletions from the current law indicated in the provided text.

Statutes affected:
Introduced: 72:41
As Amended by the House: 72:41
Version adopted by both bodies: 72:41
CHAPTERED FINAL VERSION: 72:41