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RSA 71-C:4 · Tax Expenditure and Potential Liability Report
71-C:4 Tax Expenditure and Potential Liability Report. –
Copy linkOn or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each of the past fiscal year's tax expenditures as identified in RSA 71-C:2, and other credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, 78-B, RSA 82-A, RSA 84-A, RSA 84-C, and RSA 400-A.
Copy linkTax expenditures as determined by the joint committee on tax expenditure review under RSA 71-C:3;
Copy linkOther credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, RSA 78-B, RSA 82, RSA 82-A, RSA 83-E, RSA 84-A, RSA 84-C, and RSA 400-A against the business profits tax imposed by RSA 77-A; and
Copy linkThe report shall include the total dollar amount allowed under each credit or factor during the previous fiscal year, the number of receiving entities, and the amount of the credit still available at the beginning of the current fiscal year. In the event that data is not available to calculate the remaining credit, the report shall provide an estimate and the method used to reach it.
Copy linkThe report shall be made available to the general public on the department of revenue administration's website. Source. 2014, 28:1, eff. May 23, 2014. 2017, 156:227, eff. Jan. 1, 2019. 2021, 91:95, eff. Jan. 1, 2025.
Copy linkSource note
Source. 2014, 28:1, eff. May 23, 2014. 2017, 156:227, eff. Jan. 1, 2019. 2021, 91:95, eff. Jan. 1, 2025.
Source history
- 2014, 28:1, eff. May 23, 2014
- 2017, 156:227, eff. Jan. 1, 2019
- 2021, 91:95, eff. Jan. 1, 2025
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Bill relationships
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2026 HB1546
amend · effective 2027-01-01
companies allowed under [RSA 77-A:1, I and] RSA 77-E:1, III. 11 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I and II to read as follows: I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis
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2026 HB1546-FN
amend · effective 2027-01-01
companies allowed under [RSA 77-A:1, I and] RSA 77-E:1, III. 11 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I and II to read as follows: I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis
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2026 HB1629
amend · effective 2027-07-01
companies allowed under RSA 77-A:1, I [and RSA 77-E:1, III]. 8 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I to read as follows: I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each
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2026 HB1629-FN
amend · effective 2027-07-01
companies allowed under RSA 77-A:1, I [and RSA 77-E:1, III]. 8 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I to read as follows: I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each
-
2026 HB417
amend · effective 2025-07-01
and other credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, 78-B, [RSA 82-A,] RSA 84-A, RSA 84-C, and RSA 400-A. 6 Tax Expenditure and Potential Liability Reports; Reference Removed. Amend RSA 71-C:4, II(b)(1) to read as follows: (1) Other credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, RSA 78-B, RSA 82, [RSA 82-A,] RSA 83-E, RSA 84-A, RSA 84-C, and RSA 400-A against the business prof
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2026 HB417-FN
amend
an amount equal to 25 percent of the amount of any underpayment attributable to such understatement. 5 Tax Expenditure and Potential Liability Reports; Reference Removed. Amend RSA 71-C:4, I to read as follows: I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each