Text to be removed highlighted in red.
1 Tax on Interest and Dividends; Additional Exemptions Increased. Amend RSA 77:5, II-IV to read as follows:
II. An additional $1,200 $2,400 if either or both taxpayers are 65 years of age or older on the last day of the tax year.
III. An additional $1,200 $2,400 if either or both taxpayers are blind.
IV. An additional $1,200 $2,400 if either or both taxpayers are disabled, unable to work, and have not yet reached their sixty-fifth birthday.
2 Application. Section 1 of this act shall apply to tax years ending on and after December 31, 2019.
3 Effective Date. This act shall take effect July 1, 2019.
Text to be added highlighted in green.
1 Tax on Interest and Dividends; Additional Exemptions Increased. Amend RSA 77:5, II-IV to read as follows:
II. An additional $2,400 if either or both taxpayers are 65 years of age or older on the last day of the tax year.
III. An additional $2,400 if either or both taxpayers are blind.
IV. An additional $2,400 if either or both taxpayers are disabled, unable to work, and have not yet reached their sixty-fifth birthday.
2 Application. Section 1 of this act shall apply to tax years ending on and after December 31, 2019.
3 Effective Date. This act shall take effect July 1, 2019.