SB 102 Introduced to Senate Ways and Means
Contact Name: Marina Altschiller
Phone: (603) 271-3207
CONCORD – Today, Senator Rebecca Perkins Kwoka (D-Portsmouth) introduced SB 102, a piece of omnibus legislation on property taxation, to the Senate Ways and Means Committee.
After the hearing, Part II sponsor Senator Jay Kahn (D-Keene), and Part III sponsor Senator Sue Prentiss (D-West Lebanon) issued the following statements:
Senator Jay Kahn (D-Keene) stated, “Last year, identical language to Part II of SB 102 was unanimously passed by the Senate but was prevented from moving forward due to COVID-19. This property tax relief program gives our communities the authority to designate a residential revitalization zone. These locally defined property tax relief incentives restore neighborhoods, provide much needed affordable housing, and leverage residential property investment, spurring local economies. ”
Senator Sue Prentiss (D-West Lebanon) added, “We all bear the responsibility to protect and preserve our environment. By creating a property tax exemption for renewable generation and energy storage systems, we take a significant step towards a more sustainable future while putting money back in the pockets of our property tax payers.”