Text to be removed highlighted in red.
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.
Text to be added highlighted in green.
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.