SB404: relative to economic revitalization zone tax credits.

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RSA references from bill data

• 162-N · amend

  existing economic revitalization zones continue to meet the criteria of RSA 162-N:2.] 3 New Sections; Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N by inserting after section 9 the following new sections: 162-N:10 Ineligible Entities. An employer or taxpayer who is a “foreign principal,” whose business entity’s origin, place of incorporation, or parent company

• 162-N:2 · reference

  162-N:2-a Reevaluation of Economic Revitalization Zone. Each economic revitalization zone shall be evaluated every [5] 8 years to determine if it meets the criteria required in RSA 162-N:2. If an economic revitalization zone fails to meet the criteria in RSA 162-N:2, its designation as an economic revitalization zone shall be removed. 2 Public Safety and Welfare; Economic Revitalization Zone Tax Credits

• 162-N:2-A · amend

  ouse of Representatives in General Court convened: 1 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Reevaluation of Economic Revitalization Zone. Amend RSA 162-N:2-a to read as follows: 162-N:2-a Reevaluation of Economic Revitalization Zone. Each economic revitalization zone shall be evaluated every [5] 8 years to determine if it meets the criteria required in RSA 162-N:2. If an

• 162-N:5 · amend

  t the criteria in RSA 162-N:2, its designation as an economic revitalization zone shall be removed. 2 Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N:5 through 8 to read as follows: 162-N:5 Limit on Total Economic Revitalization Zone Credits. The aggregate of tax credits issued by the commissioner of [economic and business affairs] business and economic affairs to a

• 162-N:6 · reference

  scal years [and in following years]. Amounts carried forward pursuant to RSA 162-N:7 shall not be counted against this limit in any year in which they are applied. Notwithstanding RSA 162-N:6, the maximum credit which may be utilized by a taxpayer in [any calendar] any fiscal year shall not exceed [$40,000] $50,000. In the case in which the aggregate credits requested during the calendar year exceed the amou

• 162-N:7 · reference

  $1,000,000 that is not claimed in the [calendar] fiscal year may be issued in the next [calendar year] 2 fiscal years [and in following years]. Amounts carried forward pursuant to RSA 162-N:7 shall not be counted against this limit in any year in which they are applied. Notwithstanding RSA 162-N:6, the maximum credit which may be utilized by a taxpayer in [any calendar] any fiscal year shall not exceed [$40,

• 477:22-B · reference

  igible Entities. An employer or taxpayer who is a “foreign principal,” whose business entity’s origin, place of incorporation, or parent company is located in a country listed in RSA 477:22-b, II, or whose business entity’s origin, place of incorporation, or parent company is located in a similarly categorized place under state or federal regulations shall be ineligible to receive an economic revitalization

• 541-A · related

  zone credit shall be considered taxes paid under RSA 77-E. 162-N:8 Rules. The commissioner of [revenue administration] business and economic affairs shall adopt rules, under RSA 541-A, relative to documentation of the credits claimed under this chapter. [The commissioner of business and economic affairs shall, in consultation with the executive director of the community development finance authority

• 77-A · reference

  ar year.] 162-N:7 Application of Economic Revitalization Zone Tax Credit. I. The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of [$40,000] $50,000 allowe

• 77-A:5 · reference

  ted within a municipality, county, or region that has been designated a “distressed place-based economy” by the general court. III. For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E. 162-N:8 Rules. The commissioner of [revenue administration] business and economic affairs shall adopt rules, under RSA 541-

• 77-E · reference

  alization zone tax credit shall be applied against the business profits tax under RSA 77-A, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of [$40,000] $50,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A or RSA 7

RSAs mentioned by this document

• RSA 77-A · BUSINESS PROFITS TAX
• RSA 77-E · BUSINESS ENTERPRISE TAX
• RSA 162-N · ECONOMIC REVITALIZATION ZONE TAX CREDITS
• RSA 477 · CONVEYANCES OF REALTY AND INTERESTS THEREIN
• RSA 541-A · ADMINISTRATIVE PROCEDURE ACT
• RSA 162-N:2 · [RSA 162-N:2 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:2 Designation of Economic Revitalization Zone
• RSA 162-N:5 · [RSA 162-N:5 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:5 Limit on Total Economic Revitalization Zone Credits
• RSA 162-N:6 · [RSA 162-N:6 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:6 Determination of Economic Revitalization Zone Tax Credits Eligible Amount
• RSA 162-N:7 · [RSA 162-N:7 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:7 Application of Economic Revitalization Zone Tax Credit
• RSA 77-A:5 · Credits