New Hampshire Revised Statutes 76:3 – Education Tax
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Beginning July 1, 2005, and every fiscal year thereafter, the commissioner of the department of revenue administration shall set the education tax rate at a level sufficient to generate revenue of $363,000,000 when imposed on all persons and property taxable pursuant to N.H. Rev. Stat. § 76:8, except property subject to tax under N.H. Rev. Stat. Chapter 82 and RSA 83-F. The education property tax rate shall be effective for the following fiscal year. The rate shall be set to the nearest
1/2 cent necessary to generate the revenue required in this section.
1/2 cent necessary to generate the revenue required in this section.
Terms Used In New Hampshire Revised Statutes 76:3
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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