This page is an unofficial LFoD record and is not legal advice. Verify the document against the official source before relying on it.
SB293: repealing an exemption from the communications services tax.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- D'Allesandro Senate · Dist 20
Topics
Official links
SB 293-FN-A – AS INTRODUCED
2006 SESSION
06-2544
09/10
SENATE BILL 293-FN-A
AN ACT repealing an exemption from the communications services tax.
ANALYSIS
This bill repeals the monthly $12 exemption for a residential customer’s telephone exchange access and exchange service charges under the communications services tax.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
06-2544
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Six
AN ACT repealing an exemption from the communications services tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Repeal. RSA 82-A:5, relative to exemptions from the communications services tax, is repealed.
2 Effective Date. This act shall take effect July 1, 2006.
LBAO
06-2544
10/17/05
SB 293-FN-A - FISCAL NOTE
AN ACT repealing an exemption from the communications services tax.
FISCAL IMPACT:
The Department of Revenue Administration has determined this bill will increase state general fund revenue by $5,544,000 in FY 2007 and each year thereafter. There will be no fiscal impact on state, county and local expenditures or county and local revenue.
METHODOLOGY:
The Department states this bill will repeal the current $12 exemption from the intrastate communications services tax under RSA 82-A:5.
The Department using calendar year 2001 data, states there are approximately 550,000 residential phones in service. The Department calculated the annual increase in tax revenue resulting from the repeal of the $12 exemption as follows:
$12 per month x 12 months = $144 per residential home
550,000 residential phones x $144 = $79,200,000 increase in the tax base
$79,200,000 x 7% tax rate = $5,544,000 increase in tax revenue
The Department did not estimate the increase in tax revenue for fiscal years beyond FY 2007 due to the use of calendar year 2001 phone data in their calculation.