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Bill would clarify nonprofit status for childcare property tax exemption and extend school building aid eligibility to preschool space
Summary
Senate Bill 275 seeks to clarify that nonprofit child-care centers recognized as 501(c)(3) and registered in good standing qualify for charitable property-tax exemption; the bill also amends school building-aid language to include preschool space so districts can qualify that square footage for school building grants.
Senate Bill 275, introduced by Sen. David Waters, would clarify when a child-care center qualifies as a charitable entity for property-tax exemption purposes and would expand school building-aid eligibility to include preschool classroom square footage.
Waters said the amendment narrows the bill’s focus to address inconsistent assessor rulings about whether nonprofit child-care centers qualify for the charitable exemption. The amendment ties the definition of “charitable” in the property-tax statute to the language in RSA 72:23-l and requires that an entity be recognized by the Internal Revenue Service as a 501(c)(3) and be a…
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