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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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


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


March 30, 2017: Inexpedient to Legislate, MA, VV === BILL KILLED ===; 03/30/2017; SJ 12


March 30, 2017: Committee Report: Inexpedient to Legislate, 03/30/2017; SC 16


March 15, 2017: Hearing: 03/15/2017, Room 100, SH, 09:00 am; SC 14


Jan. 19, 2017: Introduced 01/19/2017 and Referred to Ways and Means; SJ 5