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HB1283: relative to liability as taxable income of education freedom account payments.

Bill details

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Sponsors

Topics

Education Taxation

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HB 1283 - AS INTRODUCED

2022 SESSION

22-2776

10/04

HOUSE BILL 1283

AN ACT relative to liability as taxable income of education freedom account payments.


ANALYSIS

This bill repeals the statement that education freedom account funds shall not constitute taxable income to the parent of the education freedom account student.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

22-2776

10/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty Two

AN ACT relative to liability as taxable income of education freedom account payments.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Repeal. RSA 194-F:2, VI, relative to funds deposited in an education freedom account not constituting taxable income to the parent of the education freedom account student, is repealed.

2 Effective Date. This act shall take effect 60 days after its passage.