SB 83 – AS INTRODUCED
2009 SESSION
09/10
SENATE BILL 83
AN ACT establishing a committee to study net loss carry forward provisions under the business taxes.
SPONSORS: Sen. DeVries, Dist 18; Sen. D'Allesandro, Dist 20; Sen. Odell, Dist 8; Rep. P. Price, Hills 26
This bill establishes a committee to study net loss carry forward provisions under the business profits tax and the business enterprise tax.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
09-0880
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT establishing a committee to study net loss carry forward provisions under the business taxes.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a committee to study net loss carry forward provisions under the business profits tax and the business enterprise tax.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Three members of the senate, appointed by the president of the senate.
(b) Three members of the house of representatives, appointed by the speaker of the house of representatives.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
3 Duties. The committee shall study net loss carry forward provisions under the business profits tax and the business enterprise tax.
4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named senate member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.
5 Report. The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before November 1, 2009.
6 Effective Date. This act shall take effect upon its passage.