CHAPTER 45

SB 312 - FINAL VERSION

1/24/02 2198s

2002 SESSION

02-3018

09/10

SENATE BILL 312

AN ACT relative to quarterly payment of estimated interest and dividends tax.

SPONSORS: Sen. Wheeler, Dist 21; Sen. Below, Dist 5; Sen. Cohen, Dist 24; Sen. Fernald, Dist 11; Rep. M. Fuller Clark, Rock 36

COMMITTEE: Ways and Means

ANALYSIS

This bill increases the threshold annual tax liability amount for which quarterly payments of estimated interest and dividends tax are required from $200 to $500.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

1/24/02 2198s

02-3018

09/10

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Two

AN ACT relative to quarterly payment of estimated interest and dividends tax.

Be it Enacted by the Senate and House of Representatives in General Court convened:

45:1 Interest and Dividends Tax; Quarterly Payment of Estimated Tax. Amend RSA 77:18, II to read as follows:

II. At the same time the return is filed, as required by paragraph I of this section, every taxpayer as defined in RSA 77:3 shall, in addition, file a declaration of its estimated tax for its subsequent taxable period; provided, however, that if the estimated tax is less than [$200] $500, a declaration need not be filed; and provided further that a declaration shall be filed at the end of any quarter thereafter in which the annualized estimated tax exceeds [$200] $500.

45:2 Effective Date. This act shall take effect January 1, 2004.

(Approved: April 26, 2002)

(Effective Date: January 1, 2004)