(a) An applicant shall not be entitled to the exemption for woodheating energy systems pursuant to RSA 72:70 unless:
- (1) The applicant’s real estate is located in a municipality that has adopted the exemption for woodheating energy systems; and
- (2) The applicant owns real estate which is equipped with a woodheating energy system.
(b) The amount of the exemption for woodheating energy systems shall be equal to:
- (1) 100% of any increase in the assessed value of the applicant’s residential real estate resulting from the woodheating energy system; or
- (2) A dollar amount adopted by the municipality.
- (c) The exemption for woodheating energy systems shall apply only in the tax years during which the woodheating energy system is functioning.
Source. #12027, eff 10-28-16; renumbered by #12925 (formerly Rev 416.01)