Article 32: Readoption of the All Veteran’s Tax Credit

Click here to see the wording of this Article as it appears on your ballot.

What it means: Hampton currently allows a tax credit of $750 for Veterans who meet certain criteria. (The state gives the option of setting the rate between $50 and $750). A recent amendment to NH law expands the definition of a veteran to “anyone who has served in the armed forces and continues to serve” and includes state active duty as a qualifying service towards the 90-day requirement under the all-veteran tax credit. Municipalities are required to use the new definition in the legislative language.

For optional and/or all veterans tax credits, the provisions of the expanded law do not apply unless a municipality readopts the local option by a vote of the legislative body. Statute amended: RSA 72:28, IV; 72:28-b, IV. E.D. July 26, 2022. 

Articles 31 and 32 are both required and refer to different mentions of the type of tax credit within the New Hampshire legislation.  Whether you decide to vote for or against Article 31, it would make sense to vote that same way for Article 32.

No one spoke for or against this Article at the Deliberative Session.

Fiscal impact: No direct tax impact.