New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 306 - CREDITS ALLOWABLE AGAINST TAX LIABILITY
Section Rev 306.01 - Insurance Premium Tax Credit
Universal Citation: NH Admin Rules Rev 306.01
Current through Register No. 13, March 27, 2025
(a) A business organization subject to the tax imposed under RSA 400-A shall be allowed a credit against its business profits tax liability for the premium tax liability paid under RSA 400-A:32.
(b) The credit shall:
(1) Be determined on the basis of the actual
tax liability included on the business organization's reports required under
RSA
400-A:32, I, and
(2) Not be determined upon estimated taxes
required by RSA
400-A:32, II.
(c) Other fees or charges assessed by the New Hampshire department of insurance shall not be allowed as a credit against the business profits tax.
#4192, eff 12-23-86; ss by #5490, eff 10-19-92; rpld by #5910, eff 10-14-94; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
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