relating to tax rates. Providing that the rate of taxes in the state shall not exceed certain annual percentages.

Summary

The resolution would add a new article to the New Hampshire Constitution that limits how much the state, its political subdivisions, and local taxing districts can raise taxes, increase spending, or take on new debt each year. The limits are tied to a four‑year moving average of inflation (capped at 2.5%) plus the change in population. It also creates a citizen right‑of‑action with a jury trial and potential attorney‑fee awards for violations.

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