Revision: Jan. 24, 2011, midnight
HB 229-FN-A – AS INTRODUCED
2011 SESSION
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
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
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:
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 The following are repealed: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.
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.
3 Applicability. Sections 1 and 2 of this act shall apply for taxable periods ending on or after December 31, 2010.
4 Effective Date. This act shall take effect December 31, 2010.
LBAO
11-0065
01/18/11
HB 229-FN-A - FISCAL NOTE
AN ACT repealing the tax on gambling winnings.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the Racing and Charitable Gaming Commission. When completed, the fiscal note will be forwarded to the House Clerk's Office.