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1 Business Enterprise Tax; Distribution of Funds; Change in Percent of Revenue. Amend RSA 77-E:14, I to read as follows:
I. The commissioner shall determine 41 percent of the revenue produced by the tax imposed by RSA 77-E:2 for each fiscal year and shall certify such amounts to the state treasurer by October 1 of that year for deposit in the education trust fund established by RSA 198:39.
2 Effective Date. This act shall take effect July 1, 2025.
Text to be added highlighted in green.
1 Business Enterprise Tax; Distribution of Funds; Change in Percent of Revenue. Amend RSA 77-E:14, I to read as follows:
I. The commissioner shall determine 59 percent of the revenue produced by the tax imposed by RSA 77-E:2 for each fiscal year and shall certify such amounts to the state treasurer by October 1 of that year for deposit in the education trust fund established by RSA 198:39.
2 Effective Date. This act shall take effect July 1, 2025.