Bill Text - HB212 (2019)

Prohibiting state agencies from acting as a withholding agent for unregistered foreign corporate trusts.


Revision: Dec. 27, 2018, 9:48 a.m.

HB 212 - AS INTRODUCED

 

 

2019 SESSION

19-0243

05/04

 

HOUSE BILL 212

 

AN ACT prohibiting state agencies from acting as a withholding agent for unregistered foreign corporate trusts.

 

SPONSORS: Rep. Marple, Merr. 24; Rep. Howard, Belk. 8; Rep. Spillane, Rock. 2; Rep. Weyler, Rock. 13; Rep. Renzullo, Hills. 37; Rep. Sylvia, Belk. 6

 

COMMITTEE: Executive Departments and Administration

 

─────────────────────────────────────────────────────────────────

 

ANALYSIS

 

This bill prohibits a state agency from acting as a withholding agent for an unregistered foreign corporate trust not authorized to do business in this state.

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0243

05/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT prohibiting state agencies from acting as a withholding agent for unregistered foreign corporate trusts.

 

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

 

1  State Agency; Financial Withholding for Unregistered Foreign Corporate Trust Prohibited.  No state agency shall act as a withholding agent, or otherwise provide free accounting services, to an unregistered, foreign corporate trust not authorized to do business in this state.

2  Effective Date.  This act shall take effect 60 days after its passage.