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EDAC recommends town council extend and expand commercial/industrial tax exemption as Marmon weighs Hooksett expansion
Summary
The Hooksett Economic Development Advisory Committee voted to recommend that the town council extend and broaden its RSA 72:80 commercial/industrial tax‑exemption limits (EDAC recommended up to seven years and a 30% cap) and to consider adding eligible properties, citing interest from manufacturer Marmon.
The Hooksett Economic Development Advisory Committee voted to recommend that the Town Council revisit the local commercial/industrial tax exemption under RSA 72:80 and consider increasing the town’s authorization from the current baseline. EDAC’s motion asked the council to consider increasing the maximum term from five years to seven years and to raise the cap on the local percentage to at least 30 percent; the motion passed on a voice vote.
Why it matters: EDAC members said the measure is intended to help Hooksett compete for a substantial industrial expansion — committee members…
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