- (a) An applicant shall not be entitled to the service-connected total disability tax credit unless the applicant meets all the eligibility requirements of this part.
- (b) The standard service-connected total disability tax credit shall be the amount provided in RSA 72:35.
- (c) The optional service-connected total disability tax credit shall be an amount adopted by the municipality in accordance with RSA 72:35, if applicable.
- (d) The optional service-connected total disability tax credit shall replace the standard service-connected total disability tax credit in its entirety and shall not be in addition to the standard service-connected total disability tax credit.
- (e) The service-connected total disability tax credit shall be subtracted only from the property taxes due on an entitled applicant’s residential real estate.
- (f) The service-connected total disability tax credit shall be divided evenly among the remaining property tax payments required annually by the municipality so that a portion of the service-connected total disability tax credit shall apply to each property tax payment to be made.
Source. (See Revision Note at chapter heading for Rev 400) #9309, eff 10-30-08 (from Rev 404.02); ss by #12027, eff 10-28-16; renumbered by #12925 (formerly Rev 405.02)