Section Rev 1907.03 - 5-Year Phase-In Period(a) Every utility company shall, by May 1, 2020, and by May 1 of each subsequent year thereafter, complete and file each Form PA-81, Form PA-82, or Form PA-83, pursuant to Rev 1907.02, with a corresponding completed: (1) Form PA-84-E, "Report of Tax Year 2018 Electric Utility Company Assets";(2) Form PA-84-G, "Report of Tax Year 2018 Gas Utility Company Assets"; or(3) Form PA-84-W, "Report of Tax Year 2018 Water Utility Company Assets."(b) A utility company shall report on each Form PA-84-E, Form PA-84-G, or Form PA-84-W the original cost and net book value of all its utility property as of December 31, 2017, as follows: (1) Distribution assets, in total, and without any fee-owned land, office buildings, garages, and warehouses associated with distribution only;(2) Transmission, generation, and all other assets, by each category of accounts established by FERC or the NH PUC, as applicable; and(3) CIAC, CWIP, and undistributed plant assets which are not included in (b)(1) or (2) above, associated with distribution only, and in total.(c) The phase-in period under RSA 72:8-d, VI shall apply only to utility company assets existing and assessed as of April 1, 2018.(d) In the case of a municipality which used the department's allocated market value as of April 1, 2018, pursuant to RSA 83-F as the value of a utility company's utility property for the tax year effective April 1, 2018, the municipality shall calculate the utility company's final locally assessed value effective April 1, 2018, in the following manner:(1) Divide the original cost of the utility company assets by the original cost of all its utility property, using Form PA-84-E, Form PA-84-G, or Form PA-84-W; and(2) Multiply the resulting percentage by the department's allocated market value as of April 1, 2018.(e) In determining the value of a utility company's utility company assets pursuant to RSA 72:8-d, VI, a municipality shall equalize the utility company's final locally assessed value effective April 1, 2018, using the 2018 median ratio as determined by the department under RSA 21-J:3II, XI, RSA 21-J:15, and Rev 2800.(f) For each year of the phase-in period through the tax year effective April 1, 2023, pursuant to RSA 72:8-d, VI, a utility company's final locally assessed value effective April 1, 2018, shall be adjusted pursuant to RSA 72:8-d, VI(a)(5) to account for any utility company assets:(1) Installed after April 1, 2018, if not included in the utility company's final locally assessed value effective April 1, 2018; or(2) Retired after April 1, 2018, if included in the utility company's final locally assessed value effective April 1, 2018.(g) The municipality shall calculate the adjustment required by (f) above pursuant to RSA 72:8-d, II(c) and VI(a)(5), in the following manner: (1) Multiply the difference in the original cost of the utility company's utility company assets from the final locally assessed value effective April 1, 2018, to the applicable tax year, by the applicable percentage in RSA 72:8-d, II(a);(2) Multiply the difference in the net book value of the utility company's utility company assets from the final locally assessed value effective April 1, 2018, to the applicable tax year, by the applicable percentage in RSA 72:8-d, II(a);(3) Add (g)(1) and (2) above; and(4) Multiply the resulting sum by 1.03.N.H. Admin. Code § Rev 1907.03
#9826, eff 11-25-10; ss by #10582, eff 5-2-14
Amended by Volume XL Number 33, Filed August 13, 2020, Proposed by #13078, Effective 7/25/2020, Expires 7/25/2030.Amended by Volume XLII Number 49, Filed December 8, 2022, Proposed by #13490, Effective 11/15/2022, Expires 11/15/2032