relative to application of a local tax cap.

This bill updates the rules for a specific local tax cap in New Hampshire towns and districts that have already chosen to use it. It clarifies that the estimated tax amount for the upcoming year must include both the operating budget and all other approved spending, ensuring the total does not rise by more than the previously set cap unless adjusted for specific factors. The law applies automatically to existing tax cap programs without requiring towns to pass new local amendments to adopt it. It became effective on September 1, 2024, after being signed into law by the Governor.