HB 1474 - AS INTRODUCED
2020 SESSION
20-2549
10/08
HOUSE BILL 1474
SPONSORS: Rep. Horn, Merr. 2
COMMITTEE: Ways and Means
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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.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
20-2549
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