NH Senate Republican Caucus - NH Senate tackles the tax code

The New Hampshire Senate

Republican Majority Office

Three bills would reduce confusion for NH taxpayers

Concord, NH – The Senate Ways and Means Committee held public hearings this morning on three bills to clean up the New Hampshire tax code, and reduce confusion for New Hampshire taxpayers.

“The last thing businesses and families need is a surprise tax bill,” said Ways and Means Committee Chairman Bob Odell (R-Lempster) “The bipartisan legislation we heard today would clear up confusing sections of the New Hampshire tax code, provide long-term tax certainty for businesses to make long-term plans, and prevent state laws from being applied differently in towns across the Granite State.”

SB 243, sponsored by Odell, would clarify rules governing the carry-forward treatment of Business Enterprise Tax Credits, and allow the rules governing the Real Estate Transfer Taxes to include specific examples.

Concord tax attorney William Ardinger testified in support of the bill, noting “If you have clear rules with clear examples, you reduce disputes.”

SB 327, co-sponsored by a bipartisan group of 16 Senators, would extend the sunset for Economic Development Zone Tax Credits until 2020. These tax credits are scheduled to expire next year.

“There’s no reason we need to wait until the last minute to address sunsetting tax provisions,” Odell said. “By addressing this issue now, we can give town planners and businesses certainty that Economic Development Zone Tax Credits will be available for years to come.”

SB 333, sponsored by Sen. Jeanie Forrester (R-Meredith) clarifies that recreational vehicles are not taxable as housing. Currently, RVs parked at New Hampshire 117 private campgrounds receive widely disparate treatment from local tax assessors.  Many are not taxed as real property, but some towns assess property taxes on vehicle owners, and some send a tax bill directly to the campground owner. That means campground owners are liable for taxes on recreational vehicles they don’t own, even after those vehicles drive away.

“We have a ‘crazy quilt’ of inconsistent treatment of recreational vehicles across the state,” explained Forrester. “Temporary and portable recreational vehicles were never meant to be taxed as real property, and this bill would clarify that policy.”

All three bills have widespread bipartisan support, and will be considered by the Ways and Means Committee in the next few weeks.