HB 1474 - AS INTRODUCED
2020 SESSION
20-2549
10/08
HOUSE BILL 1474
SPONSORS: Rep. Horn, Merr. 2
COMMITTEE: Ways and Means
-----------------------------------------------------------------
ANALYSIS
This bill establishes a deduction from gross business profits under the business profits tax for income invested in an Opportunity Zone located in New Hampshire as established under the Tax Cuts and Jobs Act.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
20-2549
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Business Profits Tax; Deduction; Federal Opportunity Zones. Amend RSA 77-A:3 by inserting after paragraph XIX following new paragraph:
XX. A deduction from gross business profits of income invested in a federal Opportunity Zone, as established by the Tax Cuts and Jobs Act, which is located in New Hampshire and for which capital gains are deferred or excluded from federal taxation.
| Date | Body | Type |
|---|---|---|
| Jan. 22, 2020 | House | Hearing |
| Feb. 4, 2020 | House | Exec Session |
| House | Floor Vote | |
| Feb. 19, 2020 | House | Floor Vote |
Feb. 19, 2020: Inexpedient to Legislate: MA VV 02/19/2020 HJ 4 P. 27
: Committee Report: Inexpedient to Legislate (Vote 20-0; CC)
Feb. 19, 2020: Committee Report: Inexpedient to Legislate for 02/19/2020 (Vote 20-0; CC) HC 7 P. 17
Feb. 4, 2020: Executive Session: 02/04/2020 01:00 pm LOB 202
Jan. 22, 2020: Public Hearing: 01/22/2020 11:00 am LOB 202
Jan. 8, 2020: Introduced 01/08/2020 and referred to Ways and Means HJ 1 P. 23