HB1200 (2020) Detail

Relative to the tax expenditure report.


HB 1200 - AS INTRODUCED

 

 

2020 SESSION

20-2289

10/05

 

HOUSE BILL 1200

 

AN ACT relative to the tax expenditure report.

 

SPONSORS: Rep. Abrami, Rock. 19; Rep. Ames, Ches. 9

 

COMMITTEE: Ways and Means

 

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ANALYSIS

 

This bill removes the consideration of weighted apportionment factors under the business profits tax from inclusion in the tax expenditure report.

 

This bill is a request of the department of revenue administration.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

20-2289

10/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty

 

AN ACT relative to the tax expenditure report.

 

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

 

1  Tax Expenditure Report; Weighted Apportionment Factors Removed.  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; [the weighted apportionment factors under RSA 77-A:3, II(a);] and the exemption for qualified regenerative manufacturing companies allowed under RSA 77-A:1, I and RSA 77-E:1, III.

2  Effective Date.  This act shall take effect upon its passage.

Links

HB1200 at GenCourtMobile
HB1200 Discussion

Action Dates

Date Body Type
Jan. 14, 2020 House Hearing
Feb. 5, 2020 House Hearing
March 3, 2020 House Exec Session

Bill Text Revisions

HB1200 Revision: 6820 Date: Dec. 2, 2019, 11:28 a.m.

Docket

Date Status
Jan. 8, 2020 Introduced 01/08/2020 and referred to Ways and Means
Jan. 14, 2020 Public Hearing: 01/14/2020 10:45 am LOB 202
Jan. 23, 2020 ==TIME CHANGE== Full Committee Work Session: 01/23/2020 01:30 pm LOB 202
Feb. 5, 2020 Public Hearing on non-germane Amendment # 2020-0248h: 02/05/2020 01:00 pm LOB 210-211
Feb. 18, 2020 Full Committee Work Session: 02/18/2020 01:00 pm LOB 202
March 3, 2020 Executive Session: 03/03/2020 01:00 pm LOB 202