HB 534-FN-A – AS INTRODUCED
2011 SESSION
01/03
HOUSE BILL 534-FN-A
AN ACT relative to nonprofit reporting requirements with the division of charitable trusts, department of justice and making an appropriation therefor.
This bill makes an appropriation to the department of justice to allow trustees of charitable trusts and nonprofit corporations to file the forms required pursuant to New Hampshire law electronically.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11-0692
01/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eleven
AN ACT relative to nonprofit reporting requirements with the division of charitable trusts, department of justice and making an appropriation therefor.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Statement of Intent. The general court recognizes that trustees of charitable trusts and nonprofit corporations are required to file certain forms with the federal government and with the state of New Hampshire. The general court notes that such forms may be filed with the federal government electronically and with the Urban Institute. Therefore, the general court hereby makes an appropriation to the department of justice to also allow the state forms to be filed electronically.
2 Appropriation. The sum of $45,000 is hereby appropriated to the division of charitable trusts, department of justice for the fiscal year ending June 30, 2012 for the purposes of initial startup costs to allow for electronic filing of the forms required under RSA 7:28. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
3 Effective Date. This act shall take effect July 1, 2011.
LBAO
11-0692 01/14/11
HB 534-FN-A - FISCAL NOTE
AN ACT relative to nonprofit reporting requirements with the division of charitable trusts, department of justice and making an appropriation therefor.
FISCAL IMPACT:
The Department of Justice states this bill will increase state general fund expenditures by $45,000 in FY 2012. There is no fiscal impact on county and local expenditures or state, county and local revenue.
This bill appropriates $45,000 in FY 2012 of state general funds to the Department of Justice’s division of charitable trust for the purposes of this bill.
METHODOLOGY:
The Department of Justice states this bill provides an appropriation of $45,000 to the department’s division of charitable trust to allow the division to setup a process for trustees of charitable trusts and nonprofit corporations to electronically file required federal and state forms. The Department states the $45,000 appropriation will be sufficient to allow for the conversion to electronic receipt of filings. The Department anticipates any recurring fees or costs associated with the electronic filing can be absorbed by existing resources as there may be savings related to personnel and other costs once the conversion is complete; therefore this bill is not expected to have an additional fiscal impact.