New Hampshire Revised Statutes 72:28-b – All Veterans’ Tax Credit
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I. A town or city may adopt or rescind the all veterans’ property tax credit granted under this section by the procedure in N.H. Rev. Stat. § 72:27-a.
II. The credit granted under this section shall be the same as the amount of the standard or optional veterans’ tax credit in effect in the town or city under N.H. Rev. Stat. § 72:28. A town or city with an existing standard or optional veterans’ tax credit under N.H. Rev. Stat. § 72:28 prior to August 18, 2016, adopting the credit under this section, may phase in the amount of the all veterans’ tax credit over a 3-year period to match the standard or optional veterans’ tax credit.
III. The all veterans’ tax credit shall be subtracted each year from the property tax on the veteran‘s residential property.
IV. A person shall qualify for the all veterans’ tax credit if the person is a resident of this state who is a veteran, as defined in N.H. Rev. Stat. § 21:50, and served not less than 90 days on active service in the armed forces of the United States and continues to serve or was honorably discharged or an officer who continues to serve or was honorably separated from service; or the spouse or surviving spouse of such resident, provided that training for active duty or state active duty by a member of the national guard or reserve shall be included as service under this paragraph; provided however that the person is not eligible for and is not receiving a credit under N.H. Rev. Stat. § 72:28 or N.H. Rev. Stat. § 72:35.
II. The credit granted under this section shall be the same as the amount of the standard or optional veterans’ tax credit in effect in the town or city under N.H. Rev. Stat. § 72:28. A town or city with an existing standard or optional veterans’ tax credit under N.H. Rev. Stat. § 72:28 prior to August 18, 2016, adopting the credit under this section, may phase in the amount of the all veterans’ tax credit over a 3-year period to match the standard or optional veterans’ tax credit.
Terms Used In New Hampshire Revised Statutes 72:28-b
- Active duty: means full-time duty as an enlisted member, or as a commissioned or warrant officer, in any branch of the armed forces. See New Hampshire Revised Statutes 21:50
- Armed forces: means the United States Army, Army Reserve, Navy, Naval Reserve, Marine Corps, Marine Corps Reserve, Air Force, Air Force Reserve, Space Force, Coast Guard, Coast Guard Reserve, Army National Guard, and the Air National Guard. See New Hampshire Revised Statutes 21:50
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
- United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4
- Veteran: means any person who:
(1) Served in the United States armed forces for more than 4 years and continues to serve; or
(2) Has been discharged or released from duty in the United States armed forces with:
(A) An honorable discharge; or
(B) An uncharacterized discharge based on a service-connected injury, illness, or disability. See New Hampshire Revised Statutes 21:50
III. The all veterans’ tax credit shall be subtracted each year from the property tax on the veteran‘s residential property.
IV. A person shall qualify for the all veterans’ tax credit if the person is a resident of this state who is a veteran, as defined in N.H. Rev. Stat. § 21:50, and served not less than 90 days on active service in the armed forces of the United States and continues to serve or was honorably discharged or an officer who continues to serve or was honorably separated from service; or the spouse or surviving spouse of such resident, provided that training for active duty or state active duty by a member of the national guard or reserve shall be included as service under this paragraph; provided however that the person is not eligible for and is not receiving a credit under N.H. Rev. Stat. § 72:28 or N.H. Rev. Stat. § 72:35.