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HB1599-FN: allowing net operating losses to be carried forward in perpetuity following a loss year.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Official links
Enacted by the Senate and House of Representatives in General Court convened: 1 Additions and Deductions; Net Operating Loss Deductions. Amend the introductory paragraph of RSA 77-A:4, XIII to read as follows: XIII. A deduction for the amount of the net operating loss carryover determined under section 172 of the United States Internal Revenue Code apportioned in the year incurred according to RSA
Extraction diagnostics
Related law links
RSA references from bill data
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77-A:3
· reference
deduction for the amount of the net operating loss carryover determined under section 172 of the United States Internal Revenue Code apportioned in the year incurred according to RSA 77-A:3. A net operating loss shall only be apportioned in the year incurred and not in the subsequent years it adjusts gross business profits. Net operating losses may [only] be carried forward for [the 10] years following the
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77-A:4
· amend
Enacted by the Senate and House of Representatives in General Court convened: 1 Additions and Deductions; Net Operating Loss Deductions. Amend the introductory paragraph of RSA 77-A:4, XIII to read as follows: XIII. A deduction for the amount of the net operating loss carryover determined under section 172 of the United States Internal Revenue Code apportioned in the year incurred according to RSA