SB652-FN: changing the maximum award of tax credits for overpayment of due taxes.

Related law links

RSA references from bill data

• 21-J:28-A · reference

  able on the prescribed payment date. If such return shows an overpayment of the tax due, the commissioner shall refund or credit the overpayment to the taxpayer in accordance with RSA 21-J:28-a, except that: (1) For taxable periods ending on or after December 31, 2022 a credit shall only be allowed in an amount up to 500 percent of the total tax liability for the taxable period and the remainder of the over

• 77-A:6 · amend

  General Court convened: 115:1 Business Profits Tax; Payments Due With Returns and With Estimates. Amend RSA 77-A:7, I(b) to read as follows: (b) If the return required by RSA 77-A:6, I shows an additional amount to be due, such additional amount is due and payable on the prescribed payment date. If such return shows an overpayment of the tax due, the commissioner shall refund or credit the overpaym

• 77-A:7 · amend

  axes. Be it Enacted by the Senate and House of Representatives in General Court convened: 115:1 Business Profits Tax; Payments Due With Returns and With Estimates. Amend RSA 77-A:7, I(b) to read as follows: (b) If the return required by RSA 77-A:6, I shows an additional amount to be due, such additional amount is due and payable on the prescribed payment date. If such return shows an overpaymen

RSAs mentioned by this document

• RSA 21-J · DEPARTMENT OF REVENUE ADMINISTRATION
• RSA 77-A · BUSINESS PROFITS TAX
• RSA 77-A:6 · Returns, Declarations, and Combined Reporting
• RSA 77-A:7 · Payments Due With Returns and With Estimates