Bill Text - HB1200 (2020)

(New Title) relative to the tax expenditure report and relative to delaying the enactment of the single sales factor under the business profits and business enterprise taxes.


Revision: Dec. 2, 2019, 11:28 a.m.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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

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

 

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

 

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.

 

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

 

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.