Revision: Feb. 16, 2023, 12:38 p.m.
Senate Ways and Means
February 13, 2023
2023-0559s
07/10
Amendment to SB 260-FN
Amend the bill by replacing section 1 with the following:
1 New Paragraph; Business Profits Tax. Amend RSA 77-A:4 by inserting after paragraph XIX the following new paragraph:
XX. A deduction of the full amount of fair, reasonable, and customary compensation for members and owners of business organizations subject to taxation under RSA 77-A, to the extent such amounts are not already deducted in arriving at the business organization's gross business profits, as defined in RSA 77-A:1, III.