SB184 (2017) Detail

Modifying the research and development tax credit for first-time recipients of the credit.


SB 184  - AS INTRODUCED

 

 

2017 SESSION

17-0902

09/01

 

SENATE BILL 184

 

AN ACT modifying the research and development tax credit for first-time recipients of the credit.

 

SPONSORS: Sen. Fuller Clark, Dist 21; Sen. Reagan, Dist 17; Sen. Feltes, Dist 15

 

COMMITTEE: Ways and Means

 

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ANALYSIS

 

This bill modifies the research and development tax credit against the business profits tax for first-time recipients of the credit.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

17-0902

09/01

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT modifying the research and development tax credit for first-time recipients of the credit.

 

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

 

1  Business Profits Tax; Research and Development Credit.  Amend the introductory paragraph of RSA 77-A:5, XIII(a)(2) to read as follows:

(2)  Each credit shall be used to offset the taxpayer's tax liability within the subsequent 5 tax years.  The amount of the credit for first time recipients shall be the lesser of 150 percent of the following and for all others the lesser of the following:

2  Effective Date.  This act shall take effect July 1, 2017.

Links

SB184 at GenCourtMobile

Action Dates

Date Body Type
March 15, 2017 Senate Hearing
March 30, 2017 Senate Floor Vote

Bill Text Revisions

SB184 Revision: 1387 Date: Jan. 25, 2017, 9:07 a.m.

Docket

Date Status
Jan. 19, 2017 Introduced 01/19/2017 and Referred to Ways and Means; SJ 5
March 15, 2017 Hearing: 03/15/2017, Room 100, SH, 09:00 am; SC 14
March 30, 2017 Committee Report: Inexpedient to Legislate, 03/30/2017; SC 16
March 30, 2017 Inexpedient to Legislate, MA, VV === BILL KILLED ===; 03/30/2017; SJ 12