71-C:1 Definition. – In this chapter, " tax expenditure " means a credit or exemption that is intended by the legislature to allow individuals or businesses to reduce the amount owed for state taxes in return for a change in behavior. A tax expenditure does not include a credit or exemption meant only to […]
71-C:2 Tax Expenditures Specified. – Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax […]
71-C:3 Joint Committee on Tax Expenditure Review. – I. A joint committee on tax expenditure review is hereby established to review all qualifying tax expenditures on a rotating basis every 5 years and recommend continuance, amendment, or repeal of relevant provisions. The joint committee shall be composed of 3 members of the house of […]
71-C:4 Tax Expenditure and Potential Liability Report. – [Paragraph I effective until January 1, 2027; see also paragraph I set out below.] 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 […]
