HB 1357-FN – AS INTRODUCED
2008 SESSION
09/05
HOUSE BILL 1357-FN
AN ACT relative to extensions of time for filing returns and making payments under the interest and dividends tax for deployed members of the United States armed forces.
SPONSORS: Rep. McRae, Hills 7; Rep. Weyler, Rock 8; Rep. Moran, Hills 18; Rep. Marshall Quandt, Rock 13
This bill requires the department of revenue administration to allow extensions of time for filing returns and making payments under the interest and dividends tax for deployed members of the United States armed forces for the same time periods as are allowed for federal taxes under the Internal Revenue Code.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
08-2076
09/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eight
AN ACT relative to extensions of time for filing returns and making payments under the interest and dividends tax for deployed members of the United States armed forces.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Interest and Dividends Tax; Extension of Time for Filing Returns and Payment of Taxes. Amend RSA 77:18-b to read as follows:
77:18-b Extension of Time for Returns and Payments.
I. For good cause, the commissioner may extend the time within which a taxpayer is required to file a return, and if such return is filed during the period of extension no penalty may be imposed for failure to file the return at the time required by this chapter, but the taxpayer shall be liable for interest and late payment charges as prescribed in RSA 21-J:28, 32, or 33. Failure to file the return within the period of extension shall void the extension.
II. A member of the United States armed forces or an individual serving in support of the armed forces in a combat zone or contingency operation as specified in section 7508 of the Internal Revenue Code shall be granted the same extensions for filing of returns and payment of taxes under this chapter as are prescribed under section 7508 of the Internal Revenue Code for federal taxes.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
08-2076
11/15/07
HB 1357-FN - FISCAL NOTE
AN ACT relative to extensions of time for filing returns and making payments under the interest and dividends tax for deployed members of the United States armed forces.
FISCAL IMPACT:
The Department of Revenue Administration states this bill may have an indeterminable impact on state revenue in FY 2008 and each year thereafter. There is no fiscal impact on county and local revenue or state, county, and local expenditures.
METHODOLOGY:
The Department of Revenue Administration indicates this bill will provide filing extensions under the interest and dividends tax for deployed members of the United States armed forces for the same periods as allowed for federal taxes under the Internal Revenue Code. The Department is unable to determine the number of individuals that would be eligible for the extension and how many would actually request it. The Department states this bill may have a minimal but indeterminable impact on revenues based on when members of the armed forces request extensions and when the interest and dividends tax payments are made.