New Hampshire § 72:8-e Recovery of Taxes by Electric, Gas and Water Utility Companies

New Hampshire Statutes

§ 72:8-e — Recovery of Taxes by Electric, Gas and Water Utility Companies

New Hampshire·Title V TAXATION·Ch. 72 PERSONS AND PROPERTY LIABLE TO TAXATION·Subdivision Property Taxes

For the implementation period of the valuation of utility company assets under RSA 72:8-d, VI and terminating with the property tax year effective April 1, 2024, the public utility commission shall by order establish a rate recovery mechanism for any public utility owning property that meets the definition of utility company assets under RSA 72:8-d, I. Such rate recovery mechanism shall either:

I.Adjust annually to recover all property taxes paid by each such utility on such utility company assets based upon the methodology set forth in of RSA 72:8-d; or

II.Be established in an alternative manner acceptable to both the utility and the public utility commission.

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For the implementation period of the valuation of utility company assets under RSA 72:8-d, VI and terminating with the property tax year effective April 1, 2024, the public utility commission shall by order establish a rate recovery mechanism for any public utility owning property that meets the definition of utility company assets under RSA 72:8-d, I. Such rate recovery mechanism shall either:
I. Adjust annually to recover all property taxes paid by each such utility on such utility company assets based upon the methodology set forth in of RSA 72:8-d; or
II. Be established in an alternative manner acceptable to both the utility and the public utility commission.

New Hampshire § 72:8-e (Recovery of Taxes by Electric, Gas and Water Utility Companies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.