Revision: March 10, 2022, 10:20 a.m.
Rep. Janigian, Rock. 8
February 2, 2022
2022-0471h
10/05
Amendment to HB 1221-FN
Amend the title of the bill by replacing it with the following:
AN ACT relative to the rate of the business profits tax.
Amend the bill by replacing all after the enacting clause with the following:
1 New Paragraph; Business Profits Tax; Imposition of Rate; Rate Reduced 2023. Amend RSA 77-A:2 by inserting after paragraph II the following new paragraph:
III. For all taxable periods ending on or after December 31, 2023, a tax is imposed at the rate of 7.5 percent upon the taxable business profits of every business organization.
2 Effective Date. This act shall take effect upon its passage.
2022-0471h
AMENDED ANALYSIS
This bill reduces the rate of the business profits tax for tax years ending on or after December 31, 2023.