Revision: March 27, 2014, midnight
SB 327-FN – AS INTRODUCED
2014 SESSION
10/04
SENATE BILL 327-FN
AN ACT relative to economic revitalization zone tax credits.
SPONSORS: Sen. Watters, Dist 4; Sen. Boutin, Dist 16; Sen. Bradley, Dist 3; Sen. Carson, Dist 14; Sen. Cataldo, Dist 6; Sen. D'Allesandro, Dist 20; Sen. Forrester, Dist 2; Sen. Fuller Clark, Dist 21; Sen. Gilmour, Dist 12; Sen. Larsen, Dist 15; Sen. Lasky, Dist 13; Sen. Odell, Dist 8; Sen. Pierce, Dist 5; Sen. Rausch, Dist 19; Sen. Reagan, Dist 17; Sen. Woodburn, Dist 1; Rep. Schlachman, Rock 18; Rep. D. Hooper, Straf 16; Rep. Stroud, Hills 21
This bill extends the availability of economic revitalization zone tax credits under RSA 162-N until 2020.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
14-2771
10/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fourteen
AN ACT relative to economic revitalization zone tax credits.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Effective Date of Prospective Repeal of Economic Revitalization Zone Tax Credits. Amend 2007, 263:176, X, as amended by 2010, 311:1 to read as follows:
X. Section 123 of this act shall take effect July 1, [2015] 2020.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
14-2771
11/26/13
SB 327-FN - FISCAL NOTE
AN ACT relative to economic revitalization zone tax credits.
FISCAL IMPACT:
The Department of Revenue Administration states this bill, as introduced, may reduce state general fund revenue by $825,000 in FY 2016 and each year thereafter. This bill will have no fiscal impact on state, county, and local expenditures, or county and local revenue.
METHODOLOGY:
The Department of Revenue Administration (DRA) states this bill would extend the availability of the Economic Revitalization Zone Tax Credits (ERZTC) under RSA 162-N through FY 2020. The credit is currently effective through FY 2015. DRA states the maximum ERZTC issued annually is $825,000, and as a result state general fund revenue may decrease by $825,000 in FY 2016 and each year thereafter.