Revision: Feb. 16, 2023, 12:20 p.m.
Senate Ways and Means
February 16, 2023
2023-0558s
02/08
Amendment to SB 189-FN
Amend the bill by replacing section 1 with the following:
1 New Paragraph; Business Profits Tax; Additions and Deductions. Amend RSA 77-A:4 by inserting after paragraph XIX the following new paragraph:
XX. For tax years commencing on or after January 1, 2024, a deduction equal to the amount disallowed as a deduction under section 163(j) of the Internal Revenue Code. For tax years commencing on or after January 1, 2024, an addition equal to the amount deducted by reason of a carry forward of disallowed business interest under section 163(j) of the Internal Revenue Code generated in tax years commencing after January 1, 2024.