A committee would study revenue options for more education funding

The proposed committee would include 10 legislators appointed by House and Senate leaders. The committee would include eight House members and two senators, with party balance and experience or expertise requirements for House members. House members would be appointed by the speaker and minority leader. Senators would be appointed by the Senate president and Senate minority leader. Legislative members would receive mileage at the legislative rate for committee duties. The committee would operate after the act takes effect upon passage.

The committee would study possible new and modified revenue sources for education aid and property-tax relief. The study would cover reliability, administrative cost, speed of implementation, revenue potential, side effects, economic effects, and effects on people by income, age, location, housing type, and citizenship. The committee would work with the Department of Revenue Administration, the Business and Industry Association of New Hampshire, and the New Hampshire Fiscal Policy Institute. It would seek information from state agencies and experts. The committee would report findings on each revenue option and include substantial disagreements. It would not recommend for or against an option. The study duties would apply after the act takes effect upon passage.

The committee would choose its leaders, meet, and send its findings and any proposed legislation to state officials and the state library. The chair would come from the majority-party members, the vice chair from the minority-party members, and four members would be needed for a quorum. The chair would call the first meeting. The report would include findings and any recommendations for proposed legislation. The first meeting would have to occur no later than August 7, 2026, and the report would be due by November 1, 2026. The act would take effect upon passage.