New Hampshire § 374-B:14 Payments in Lieu of Taxes

New Hampshire Statutes

§ 374-B:14 — Payments in Lieu of Taxes

New Hampshire § 374-B:14

Title XXXIVPUBLIC UTILITIES

Ch. 374-BMUNICIPAL ELECTRIC REVENUE BONDS

This text of New Hampshire § 374-B:14 (Payments in Lieu of Taxes) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 374-B:14 (2026).

Text

In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric power facility by ownership, prepayment or contract for purchase of capacity and related energy from a specifically identified generating unit shall be subject to payments in lieu of such taxes in the same manner and under the same procedures as a corporation which is a domestic electric utility is subject to such taxes and shall be limited to only those exemptions as are available to such a corporation.

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In connection with all sales, use and excise taxes imposed with respect to electric power facilities, materials included or to be included therein, or energy produced thereat and sold at wholesale therefrom, by any laws of the state, a municipality participating in an electric power facility by ownership, prepayment or contract for purchase of capacity and related energy from a specifically identified generating unit shall be subject to payments in lieu of such taxes in the same manner and under the same procedures as a corporation which is a domestic electric utility is subject to such taxes and shall be limited to only those exemptions as are available to such a corporation.