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Planning Board backs motion to support renewing expiring business tax incentives
Summary
At a Sept. 22 Hooksett Planning Board workshop, members heard EDAC briefings on two expiring tax incentives — an ERZ designation and a local commercial-industrial property tax exemption tied to RSA provisions — and voted to express the board's support for renewing them after updating eligible property lists.
The Hooksett Planning Board on Monday reviewed recommendations from the town's Economic Development Advisory Committee and voted to support renewing expiring business tax incentives, including one commercial-industrial property tax exemption that automatically lapses five years after adoption.
The board voted after an EDAC briefing that described two related items: an Enterprise Revitalization Zone (ERZ) designation the Business Finance Authority (BEA) asked the town to re-evaluate, and a local implementation of the commercial-industrial tax exemption (statutory references discussed in the meeting were RSA provisions 7280 through 7283). EDAC members told the board the state ERZ guidance asks municipalities to confirm whether…
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