HB 1436-FN-A - AS INTRODUCED
2000 SESSION
HOUSE BILL 1436-FN-A
AN ACT reducing the temporary rate of the communications services tax.
This bill reduces the temporary rate of the communications services tax from 5.5 percent to 4.5 percent.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2433
09/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT reducing the temporary rate of the communications services tax.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Temporary Rate of Communications Services Tax Reduced. Amend 1999, 163:6 to read as follows:
163:6 Rate of Tax for Biennium Ending June 30, 2001; Intrastate and Interstate Communications Services Tax. Notwithstanding RSA 82-A:3 and RSA 82-A:4[,]:
I. For the period beginning July 1, 1999 and ending June 30, [2001] 2000, the rate of tax is 5.5 percent on the gross charge for communications services purchased at retail from a retailer.
II. For the period beginning July 1, 2000 and ending June 30, 2001, the rate of the tax is 4.5 percent on the gross charge for communications services purchased at retail from a retailer.
2 Effective Date. This act shall take effect July 1, 2000.
LBAO
00-2433
12/14/99
HB 1436-FN-A - FISCAL NOTE
AN ACT reducing the temporary rate of the communications services tax.
FISCAL IMPACT:
The Department of Revenue Administration indicates that this bill will decrease state revenue by $9.6 million in FY 2001. There is no fiscal impact on state, county and local expenditures or county and local revenue.
METHODOLOGY:
The Department calculated the $9.6 million decrease in state revenue by using the FY 2001 official estimate for Communications Services Taxes ($53.0 million at 5.5%), and re-computing the tax at the 4.5% rate stated in the bill.