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SB184: modifying the research and development tax credit for first-time recipients of the credit.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Fuller Clark Senate · Dist 21
- John Reagan Senate · Dist 17
- Dan Feltes Senate · Dist 15
Topics
Official links
SB 184 - AS INTRODUCED
2017 SESSION
17-0902
09/01
SENATE BILL 184
AN ACT modifying the research and development tax credit for first-time recipients of the credit.
ANALYSIS
This bill modifies the research and development tax credit against the business profits tax for first-time recipients of the credit.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
17-0902
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
AN ACT modifying the research and development tax credit for first-time recipients of the credit.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Business Profits Tax; Research and Development Credit. Amend the introductory paragraph of RSA 77-A:5, XIII(a)(2) to read as follows:
(2) Each credit shall be used to offset the taxpayer's tax liability within the subsequent 5 tax years. The amount of the credit for first time recipients shall be the lesser of 150 percent of the following and for all others the lesser of the following:
2 Effective Date. This act shall take effect July 1, 2017.