Current through Register No. 13, March 27, 2025
(a) The credits enumerated in
RSA
77-A:5 and this section shall apply against
the business profits tax liability of the individual member of the combined
group, as calculated in (b) or (c) below.
(b) To determine its business profits tax
liability for tax periods ending before December 31, 2022, the individual
member of the combined group shall:
(1)
Determine a combined nexus group denominator for the property, payroll, and
sales factors by adding the property, payroll and sales factor numerators of
the individual members of the combined group subject to tax under RSA
77-A;
(2) Determine an individual
apportionment percentage for each member of the combined group subject to tax
under RSA 77-A by dividing such member's individual New Hampshire property,
payroll and sales factor numerators by the combined nexus group denominators
determined in (1) above, dividing the total by 3; and
(3) Apply the individual apportionment
percentage, determined in (b)(2), above, to the business profits tax liability
of the combined group as determined in accordance with the provisions of RSA
77-A.
(c) To determine
its business profits tax liability for tax periods ending on or after December
31, 2022, the individual member of the combined group shall:
(1) Determine a combined nexus group
denominator for the sales factor by adding the sales factor numerators of the
individual members of the combined group subject to tax under RSA
77-A;
(2) Determine an individual
apportionment percentage for each member of the combined group subject to tax
under RSA 77-A by dividing such member's individual New Hampshire sales factor
numerator by the combined nexus group sales factor denominator determined in
(1) above; and
(3) Apply the
individual apportionment percentage, determined in (c)(2), above, to the
business profits tax liability of the combined group as determined in
accordance with the provisions of RSA 77-A.
#4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by
#5910, eff 10-14-94; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
(formerly Rev 306.05
)
