Revision: Nov. 6, 2017, 1:29 p.m.
HB 1502 - AS INTRODUCED
2018 SESSION
18-2569
10/06
HOUSE BILL 1502
SPONSORS: Rep. Cushing, Rock. 21; Rep. Bean, Rock. 21; Rep. R. Tilton, Rock. 37; Rep. Edgar, Rock. 21; Rep. Emerick, Rock. 21; Rep. Walz, Merr. 23; Rep. Martin, Hills. 23; Sen. Innis, Dist 24; Sen. Fuller Clark, Dist 21; Sen. Feltes, Dist 15; Sen. D'Allesandro, Dist 20
COMMITTEE: Ways and Means
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ANALYSIS
This bill adds the property tax exemption for water and air pollution control facilities to the tax expenditures subject to the joint committee on tax expenditure review.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-2569
10/06
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Tax Expenditures; Water and Air Pollution Control Facility Exemption Added. Amend RSA 71-C:2 to read as follows:
71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; [and] the weighted apportionment factors under RSA 77-A:3, II(a); and the water and air pollution control facility exemption under RSA 72:12-a.
2 Effective Date. This act shall take effect 60 days after its passage.