NH House Democrats are bringing back a bill that directly affects property tax payers. For years Republicans have prioritized cutting the Business Profits and Business Enterprise taxes, while paying no attention to the needs of property tax payers and creating a housing crisis and a labor shortage. While businesses have enjoyed paying a few less dollars in business taxes, these same businesses are punished by the same increase in property taxes that homeowners face.
House Bill 50 is just one part of providing some property tax relief. It’s designed to restore the state’s contribution toward municipal retirement benefits. It was instituted last year, but was amended to make it a one-time relief package. The 2023 version makes that a permanent contribution.
With state revenues coming in at $200 million over budget, the state can afford to get started on helping homeowners get a break on their property taxes.
