HB229 (2011) Detail

Repealing the tax on gambling winnings.


CHAPTER 47

HB 229-FN-A – FINAL VERSION

17Mar2011… 0515h

2011 SESSION

11-0065

09/04

HOUSE BILL 229-FN-A

AN ACT repealing the tax on gambling winnings.

SPONSORS: Rep. C. Christensen, Hills 19; Rep. Mirski, Graf 10; Rep. Renzullo, Hills 27; Rep. Kappler, Rock 2; Rep. Hinch, Hills 19; Sen. White, Dist 9; Sen. Morse, Dist 22; Sen. Carson, Dist 14

COMMITTEE: Ways and Means

ANALYSIS

This bill repeals the tax on gambling winnings.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17Mar2011… 0515h

11-0065

09/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT repealing the tax on gambling winnings.

Be it Enacted by the Senate and House of Representatives in General Court convened:

47:1 Repeal. The following are repealed:

I. RSA 21-J:13, XIII, relative to rulemaking for collection of taxes on gambling winnings.

II. RSA 77:38 – 77:50, relative to taxation of gambling winnings.

47:2 New Section; Gambling Winnings Tax Exempt. Amend RSA 284 by inserting after section 21-r the following new section:

284:21-rr Winnings Tax Exempt. Notwithstanding any other provisions of law to the contrary, a recipient of any money or prize awarded pursuant to the provisions of RSA 284:21-i shall be exempt from any tax imposed thereon by the state of New Hampshire.

47:3 Applicability. This act shall apply to all gambling winnings received on or after the effective date of this act.

47:4 Effective Date. This act shall take effect 14 days after its passage.

Approved: May 9, 2011

Effective Date: May 23, 2011