New HampshireHB3742025-2026 Regular SessionHouseWALLET

HB374

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Local tax hikes capped and clarified

In towns or districts that adopted a local tax cap, the law limits how much local taxes can rise each year. The estimate must include the operating budget and all warrant articles that raise taxes. That total cannot exceed last year’s actual local taxes by more than the approved cap. The cap can be a dollar amount, a percent, or a multiplier of last year’s taxes. Officials must certify the estimate and post it on the warrant. Caps adopted earlier now follow these rules without another local vote.

School budget caps inflation choices

If your school district has a budget cap, the law limits which inflation numbers it may use. The district can pick a fixed yearly percent, a U.S. Bureau of Labor Statistics inflation index as of January 1, or the Municipal Cost Index as of January 1. This sets how fast the cap can grow each year.

Set ballot text and school vote threshold

When a town or district asks voters to adopt a tax cap, the ballot must use wording set by law. For dollar or percent caps, the ballot shows the number. For a multiplier cap, it must name the inflation index and the change in population or attendance used. For school caps, the ballot must show dollars per pupil times average daily membership, and adoption needs a three-fifths (3/5) majority.

Sponsors & Cosponsors

Sponsor

Diane Pauer
Republican • House

Cosponsors

Dan McGuire
Republican • House
Donald S McFarlane
Republican • House
Jess Edwards
Republican • House
Jim A Kofalt
Republican • House
Keith R. Murphy
Republican • Senate
Kevin A. Avard
Republican • Senate
Richard W. Lascelles
Republican • House
Scott R Bryer
Republican • House
Tim E Mannion
Republican • House
Tim McGough
Republican • Senate
Tom D Mannion
Republican • House
Victoria Sullivan
Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

Signed by Governor Ayotte 07/15/2025; Chapter 183; eff.09/13/2025 HJ 18
7/22/2025House
Enrolled (in recess of) 06/26/2025 HJ 18 P. 59
7/7/2025House
Enrolled Adopted, VV, (In recess 06/26/2025); SJ 18
7/3/2025Senate
House Concurs with Senate Amendment 2025-1835s (Rep. Pauer): MA VV 06/12/2025 HJ 17 P. 14
6/12/2025House
Ought to Pass with Amendment #2025-1835s, MA, VV; OT3rdg; 05/08/2025; SJ 12
5/8/2025Senate
Committee Amendment # 2025-1835s, AA, VV; 05/08/2025; SJ 12
5/8/2025Senate
Committee Report: Ought to Pass with Amendment # 2025-1835s, 05/08/2025; Vote 4-1; CC; SC 20
4/30/2025Senate
Hearing: 04/22/2025, Room 103, LOB, 10:30 am; SC 18
4/16/2025Senate
Introduced 03/27/2025 and Referred to Election Law and Municipal Affairs; SJ 10
3/28/2025Senate
Ought to Pass with Amendment 2025-0572h: MA RC 195-159 03/27/2025 HJ 11 P. 87
3/27/2025House
Amendment # 2025-0572h (NT): AA VV 03/27/2025 HJ 11 P. 85
3/27/2025House
Minority Committee Report: Inexpedient to Legislate
3/19/2025House
Majority Committee Report: Ought to Pass with Amendment # 2025-0572h 03/10/2025 (Vote 10-8; RC) HC 17 P. 64
3/19/2025House
Executive Session: 03/10/2025 09:30 am LOB 301-303
3/5/2025House
Public Hearing: 02/27/2025 09:40 am LOB 301-303
2/19/2025House
Introduced 01/08/2025 and referred to Municipal and County Government HJ 2 P. 17
1/8/2025House

Bill Text

Enrolled
7/3/2025
HTML
Introduced
1/8/2025
PDF
CHAPTERED FINAL VERSION
PDF
Version adopted by both bodies
PDF

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