CHAPTER 247
SB 270-FN - FINAL VERSION
6Jun2019... 2280h
2019 SESSION
19-0475
10/04
SENATE BILL 270-FN
SPONSORS: Sen. Watters, Dist 4; Sen. Bradley, Dist 3; Sen. D'Allesandro, Dist 20; Sen. Fuller Clark, Dist 21; Sen. Giuda, Dist 2; Sen. Gray, Dist 6; Sen. Levesque, Dist 12; Sen. Morgan, Dist 23; Sen. Sherman, Dist 24; Rep. Shaw, Hills. 16
COMMITTEE: Ways and Means
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AMENDED ANALYSIS
This bill establishes a tax credit against business profits taxes for donations to career and technical education centers. The donation program is repealed June 30, 2022.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
6Jun2019... 2280h 19-0475
10/04
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
247:1 New Section; Regional Career and Technical Education Centers; Donations. Amend RSA 188-E by inserting after section 9 the following new section:
188-E:9-a Donations to Regional Career and Technical Education Center Programs.
I. For purposes of this section "state fiscal year" shall mean the year beginning July 1 and ending June 30.
II. A school district may accept a charitable donation of:
(a) Up to 50 percent of the cost of apprenticeship and training programs offered by the regional CTE center, including the compensation of employees in direct supervision and training of students in a CTE center program.
(b) Up to 50 percent of the salary paid to interns, apprentices, and trainees enrolled in a CTE center program.
(c) Tangible personal property for a related use by an educational program offered by the regional CTE center.
III. The school district shall report within 30 days the donor name and the value of each charitable donation under paragraph II to the department of education.
IV. A donor who makes a qualifying charitable contribution under paragraph II shall be allowed a credit against the business profits tax imposed under RSA 77-A as computed by the department of education in paragraph V.
V. On or before August 1 of each year, the department of education shall compute the amount of tax credits available from the donations made during the prior state fiscal year. The aggregate of tax credits issued by the department of education to all donors claiming the credit under this section shall not exceed $500,000 for any state fiscal year. Credits claimed which exceed the total allowed shall be granted in the donor's proportional share of the maximum aggregate credit amount. On or before October 1 of each year, the department of education shall report all credits issued to the department of revenue administration.
VI. On or before September 1 of each year, the department of education shall provide a donor with a written statement of the amount of tax credit available which may be used by a donor for purposes of the tax credit against business profits taxes provided in RSA 77-A:5, XVI, computed according to paragraph V.
VII. No later than January 1, 2020, the commissioner of the department of education shall adopt rules pursuant to RSA 541-A, relative to:
(a) The administration of the issuance of tax credits for qualifying charitable donations under this section.
(b) The design and content of the reports, forms, and statements required to be filed with, or issued by, the department of education under this section.
VIII. On or before October 1 of each year, the department of education shall report to the speaker of the house of representatives, the senate president, and the chairpersons of the house and senate ways and means committees on the total value of charitable donations received by school districts under this section, the tax credits issued to all donors, and the department's determination of the effect the tax credit program has on educational programs offered by CTE centers and their apprenticeship and training programs.
247:2 New Paragraph; Business Profits Tax; Credit for Donations to Regional Vocational Education Centers. Amend RSA 77-A:5 by inserting after paragraph XV the following new paragraph:
XVI. The tax credit computed under RSA 188-E:9-a for donations to regional career and technical education center programs, provided that the credit allowed for a taxpayer under this paragraph shall not exceed 25 percent of the tax due under this chapter for such taxpayer before any credits under RSA 77-A:5 are taken into account.
247:3 Repeal; 2022. RSA 188-E:9-a, relative to donations to regional career and technical education center programs, is repealed.
I. Section 3 of this act shall take effect June 30, 2022.
II. The remainder of this act shall take effect July 1, 2019.
Approved: July 12, 2019
Effective Date:
I. Section 3 shall take effect June 30, 2022.
II. Remainder shall take effect July 1, 2019.
| Date | Body | Type |
|---|---|---|
| Feb. 20, 2019 | Senate | Hearing |
| March 14, 2019 | Senate | Floor Vote |
| April 16, 2019 | House | Hearing |
| May 28, 2019 | House | Exec Session |
| May 28, 2019 | House | Exec Session |
| House | Floor Vote | |
| June 5, 2019 | House | Floor Vote |
July 12, 2019: II. Remainder Effective 07/12/2019
June 30, 2022: I. Section 3 Effective 06/30/2022
July 12, 2019: Signed by the Governor on 07/12/2019; Chapter 247
June 27, 2019: Enrolled (In recess 06/27/2019); SJ 21
June 27, 2019: Enrolled 06/27/2019 HJ 20 P. 53
June 13, 2019: Sen. Feltes Moved to Concur with the House Amendment, MA, VV; 06/13/2019; SJ 20
June 6, 2019: Ought to Pass with Amendment 2019-2280h: MA VV 06/06/2019 HJ 18 P. 36
June 6, 2019: Amendment # 2019-2280h: AA VV 06/06/2019 HJ 18 P. 36
: Minority Committee Report: Inexpedient to Legislate
June 5, 2019: Majority Committee Report: Ought to Pass with Amendment # 2019-2280h for 06/05/2019 (Vote 18-2; RC) HC 27 P. 23
: Majority Committee Report: Ought to Pass with Amendment # 2019-2280h (Vote 18-2; RC)
May 28, 2019: Executive Session: 05/28/2019 10:00 am LOB 202
May 28, 2019: Executive Session: 05/28/2019 10:00 am LOB 202
May 22, 2019: Full Committee Work Session: 05/22/2019 01:00 pm LOB 202
May 16, 2019: Subcommittee Work Session: 05/16/2019 10:00 am LOB 202
April 30, 2019: Subcommittee Work Session: 04/30/2019 10:00 am LOB 204
April 23, 2019: Full Committee Work Session: 04/23/2019 01:00 pm LOB 202
April 16, 2019: Public Hearing: 04/16/2019 02:30 pm LOB 202
March 20, 2019: Introduced 03/20/2019 and referred to Ways and Means HJ 11 P. 71
March 14, 2019: Ought to Pass: MA, VV; OT3rdg; 03/14/2019; SJ 8
March 14, 2019: Committee Report: Ought to Pass, 03/14/2019; SC 13
Feb. 20, 2019: Hearing: 02/20/2019, Room 100, SH, 09:15 am; SC 11
Jan. 3, 2019: Introduced 01/03/2019 and Referred to Ways and Means; SJ 4