N.H. Admin. Code § Rev 417.01

Current through Register No. 1, January 2, 2025

Section Rev 417.01 - Exemption for Woodheating Energy Systems

(a) An applicant shall not be entitled to the exemption for woodheating energy systems pursuant to RSA 72:70 unless:

(1) The applicant's real estate is located in a municipality that has adopted the exemption for woodheating energy systems; and

(2) The applicant owns real estate which is equipped with a woodheating energy system.

(b) The amount of the exemption for woodheating energy systems shall be equal to:

(1) 100% of any increase in the assessed value of the applicant's residential real estate resulting from the woodheating energy system; or

(2) A dollar amount adopted by the municipality.

(c) The exemption for woodheating energy systems shall apply only in the tax years during which the woodheating energy system is functioning.

N.H. Admin. Code § Rev 417.01

Derived From Volume XXXVI Number 45, Filed November 10, 2016, Proposed by #12027, Effective 10/28/2016, Expires 10/28/2026; renumbered by #12925 (formerly Rev 416.01 )