Revision: Jan. 24, 2011, midnight
HB 242-FN-A – AS INTRODUCED
2011 SESSION
09/01
HOUSE BILL 242-FN-A
AN ACT increasing the net operating loss carryover under the business profits tax.
SPONSORS: Rep. Seidel, Hills 20; Rep. Tucker, Rock 17; Rep. Cebrowski, Hills 18; Rep. Ohm, Hills 26; Rep. W. Smith, Rock 18; Rep. Twombly, Hills 25; Sen. Luther, Dist 12
This bill increases the net operating loss carryover under the business profits 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11-0324
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT increasing the net operating loss carryover under the business profits tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; Business Taxes; Net Operating Loss Carryover. Amend RSA 77-A:4, XIII by inserting after subparagraph (d) the following new subparagraph:
(e) On or after July 1, 2012, the amount of net operating loss generated in a tax year that may be carried forward may not exceed $10,000,000.
2 Effective Date. This act shall take effect July 1, 2012.
LBAO
11-0324
01/18/11
HB 242-FN-A - FISCAL NOTE
AN ACT increasing the net operating loss carryover under the business profits tax.
FISCAL IMPACT:
Due to time constraints, the Office of Legislative Budget Assistant is unable to provide a fiscal note for this bill at this time. When completed, the fiscal note will be forwarded to the House Clerk's Office.