I. A municipality desiring to adopt the provisions of N.H. Rev. Stat. § 72:81 shall do so in accordance with the procedures set forth in N.H. Rev. Stat. § 72:27-a. The vote shall specify that the exemption, if granted, shall apply to all properties within the municipality if adopted in accordance with N.H. Rev. Stat. § 72:81, II(a) or to a specific group or groups of parcels within the municipality if adopted in accordance with N.H. Rev. Stat. § 72:81, II(b). The vote shall specify the maximum percentage of new assessed value to be exempted, the maximum number of years duration of the exemption following new construction, a definition of public benefit, and a reference to zoning use category definitions, if applicable. The exemption shall take effect in the tax year beginning April 1 following its adoption.
II. A vote adopting N.H. Rev. Stat. § 72:81 shall remain in effect for a maximum of 5 tax years; provided, however, that for any application which has already been granted prior to expiration of such 5 tax year period, the exemption shall continue to apply at the rate and for the duration in effect at the time it was granted.

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Terms Used In New Hampshire Revised Statutes 72:82

  • following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13