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RSA 87:1 · Tax Imposed

Title
V: TAXATION
Chapter
87 · TAXATION OF TRANSFERS OF CERTAIN ESTATES
Status
current
Official source linked
Yes
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87:1 Tax Imposed. –

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I.

An estate tax is hereby imposed upon the transfer of the estate of every decedent leaving an estate which is subject to an estate tax under the provisions of the United States Internal Revenue Code of 1986, as amended, and who has property within this state.

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II.

The amount of the New Hampshire estate tax shall be equal to the maximum federal estate tax credit allowable for state death taxes with respect to property subject to this state's jurisdiction to impose a tax.

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III.

If only a portion of a decedent's estate is located in this state, such maximum tax credit shall be determined by multiplying the entire amount of the credit allowable by the percentage which the gross value of the portion of the decedent's estate located in this state bears to the gross value of the entire estate.

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IV.

This tax shall be imposed in every case in which the credit for state death taxes paid is available as a credit on the decedent's federal estate tax return. Source. 1931, 125:1. RL 88:1. RSA 87:1. 1955, 72:1. 1967, 110:1. 1995, 246:1. 2002, 232:3, eff. Jan. 1, 2003.

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Source note

Source. 1931, 125:1. RL 88:1. RSA 87:1. 1955, 72:1. 1967, 110:1. 1995, 246:1. 2002, 232:3, eff. Jan. 1, 2003.

Source history

  • 1931, 125:1. RL 88:1. RSA 87:1
  • 1955, 72:1
  • 1967, 110:1
  • 1995, 246:1
  • 2002, 232:3, eff. Jan. 1, 2003

Related materials

Bill relationships

  • 2026 HB1148 amend

    Included. Amend RSA 487:30, III to read as follows: III. The committee shall: (a) Study the spread of exotic aquatic weeds and exotic aquatic species of wildlife, as defined in RSA 487:16, I-a, in the waters of New Hampshire including education, management, and potential means to eliminate the spread of these weeds and wildlife. (b) Study and discuss potential factors contributing to the proliferation

  • 2026 SB493 amend

    ency and reserve fund adopted by a village district, the agreement may establish a common bonding authority under RSA 33. The village district may apply for funds available under RSA 487:15 through 25, RSA 485-A:58 through 61, and any other state or federal sources. 4 Definitions; Cyanobacteria Mitigation and Water Quality Protection. Amend RSA 52-A:1, I to read as follows: I. "Cyanobacteria mitig