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New HampshireHB6962025-2026 Regular SessionHouseWALLET

HB696

Sponsored By: Michael Vose (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

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

Education tax delay for some power plants

Beginning July 1, 2027, a power plant that is exempt from the state utility property tax and had a PILOT deal in place on January 1, 2027 does not owe the statewide education property tax. The break lasts until that PILOT ends or January 1, 2031, whichever comes first. When the education tax starts, it can be put into a new PILOT or paid on top of the PILOT. If paid separately, the tax is based on the plant’s imputed value set by the tax department.

No state education tax on utility-taxed property

Starting July 1, 2027, people and property taxed under the state utility property tax are not also charged the statewide education property tax. Local school, city, district, and county taxes still apply. The transition rule for certain PILOT agreements in state law still applies.

Power generation equipment exempt from utility tax

Starting July 1, 2027, property used to generate electricity, when owned by entities defined in state law, is excluded from the state utility property tax. That equipment is no longer treated as utility property for that tax, changing how those assets are taxed.

New yearly filing for exempt power property

Starting July 1, 2027, owners of property excluded from the utility property tax must file a form each year by May 1. The form must list utility and non‑utility property and be signed under penalty of perjury. Owners must also keep an inventory of assets that are and are not subject to the tax. Owners may request up to two written extensions per tax year, up to 30 days each.

Sponsors & Cosponsors

Sponsor

  • Michael Vose

    Republican • House

Cosponsors

  • Carol M McGuire

    Republican • House

  • David H. Watters

    Democratic • Senate

  • Donald S McFarlane

    Republican • House

  • John C Janigian

    Republican • House

  • John T MacDonald

    Republican • House

  • Jordan G. Ulery

    Republican • House

  • Timothy Lang

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor Ayotte 07/15/2025; Chapter 206; eff. 07/01/2027 HJ 18

    7/22/2025House

  2. Enrolled Adopted, VV, (In recess 06/26/2025); SJ 18

    7/8/2025Senate

  3. Enrolled (in recess of) 06/26/2025 HJ 18 P. 60

    7/8/2025House

  4. House Concurs with Senate Amendment 2025-1844s (Rep. Vose): MA VV 06/12/2025 HJ 17 P. 19

    6/12/2025House

  5. Ought to Pass: MA, VV; OT3rdg; 05/22/2025; SJ 14

    5/22/2025Senate

  6. Committee Report: Ought to Pass, 05/22/2025; Vote 7-0; CC; SC 22A

    5/20/2025Senate

  7. Ought to Pass with Amendment #2025-1844s, MA, VV; Refer to Finance Rule 4-5; 05/08/2025; SJ 12

    5/8/2025Senate

  8. Committee Amendment # 2025-1844s, AA, VV; 05/08/2025; SJ 12

    5/8/2025Senate

  9. Committee Report: Ought to Pass with Amendment # 2025-1844s, 05/08/2025; Vote 5-0; CC; SC 20

    4/30/2025Senate

  10. Hearing: 04/23/2025, Room 100, SH, 09:45 am; SC 18

    4/15/2025Senate

  11. Introduced 03/27/2025 and Referred to Ways and Means; SJ 10

    4/11/2025Senate

  12. Ought to Pass: MA VV 04/10/2025 HJ 12 P. 22

    4/10/2025House

  13. Lay HB696 on Table (Rep. Oppel): MF DV 27-342 04/10/2025 HJ 12 P. 22

    4/10/2025House

  14. Minority Committee Report: Inexpedient to Legislate

    4/2/2025House

  15. Majority Committee Report: Ought to Pass 04/01/2025 (Vote 17-2; RC) HC 19 P. 13

    4/2/2025House

  16. Full Committee Work Session: 04/01/2025 10:00 am LOB 202-204

    3/26/2025House

  17. Executive Session: 04/01/2025 10:30 am LOB 202-204

    3/26/2025House

  18. Public Hearing: 03/25/2025 10:30 am LOB 202-204

    3/19/2025House

  19. Referred to Ways and Means 03/13/2025 HJ 8 P. 88

    3/13/2025House

  20. Ought to Pass: MA VV 03/13/2025 HJ 8 P. 88

    3/13/2025House

  21. Committee Report: Ought to Pass 03/03/2025 (Vote 18-0; RC)

    3/5/2025House

  22. Executive Session: 03/03/2025 01:00 pm LOB 302-304

    2/25/2025House

  23. Public Hearing: 02/11/2025 09:00 am LOB 302-304

    2/7/2025House

  24. Introduced (in recess of) 01/09/2025 and referred to Science, Technology and Energy HJ 3 P. 23

    1/21/2025House

Bill Text

  • Enrolled

    7/8/2025

    HTML

  • Introduced

    1/21/2025

    PDF

  • CHAPTERED FINAL VERSION

    PDF

  • Version adopted by both bodies

    PDF

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