This page is an unofficial mirror and is not legal advice. Verify the document against the official source before relying on it.
HB1597: relative to business profits tax expense deductions.
Bill details
No mirrored bill text is available for this bill yet. Use the official source links below for the full current record.
Last sync warning: curl exited 52: curl: (52) Empty reply from server
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Official links
Extraction diagnostics
Related law links
RSA references from bill data
-
77-A:1
· reference
re net operating loss and special deductions, a business organization shall calculate expense deductions as permitted under Section 179 of the Internal Revenue Code as provided in RSA 77-A:1, XX, except that for property placed in service on or after January 1, 2018, a business organization shall calculate expense deductions not to exceed $500,000; for property placed in service on or after January 1, 2027,
-
77-A:3-A
· amend
to business profits tax expense deductions. Be it Enacted by the Senate and House of Representatives in General Court convened: 1 Expense Deductions; Cap Increase. Amend RSA 77-A:3-a to read as follows: 77-A:3-a Expense Deductions. In determining gross business profits before net operating loss and special deductions, a business organization shall calculate expense deductions as permitted under