New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 2400 - BUSINESS ENTERPRISE TAX
Part Rev 2403 - ADJUSTMENTS TO THE ENTERPRISE VALUE TAX BASE
Section Rev 2403.02 - Dividend Received Deduction
Universal Citation: NH Admin Rules Rev 2403.02
Current through Register No. 13, March 27, 2025
(a) The dividends received from a member of an affiliated group of business enterprises eligible for the deduction shall be limited to that portion of the dividend included in the payor's taxable enterprise value tax base.
(b) The business enterprise shall maintain detailed accounting records to:
(1) Document
any dividends received deducted from the enterprise value tax base of the
recipient business enterprise have been previously included in the enterprise
value tax base of the payor; and
(2) Calculate the accumulated earnings and
profits of the payor.
INTERIM #5708, eff 9-23-93, EXPIRED: 1-21-94; ss by #5774, eff 1-21-94; ss by #7178, eff 12-23-99, EXPIRED: 12-23-07
New. #9065, eff 1-10-08
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