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2018 New Hampshire Revised Statutes
Title V - Taxation
Chapter 71-C - Tax Expenditure and Potential Liability Reports
Section 71-C:1 - Definition.
Universal Citation: NH Rev Stat § 71-C:1 (2018)
71-C:1 Definition. –
In this chapter, "tax expenditure" means a credit or exemption that is intended by the legislature to allow individuals or businesses to reduce the amount owed for state taxes in return for a change in behavior. A tax expenditure does not include a credit or exemption meant only to avoid double taxation of the same income or assets within the same taxing jurisdiction. A tax rate reduced for the express purpose of achieving a change in behavior may also be identified by the committee in RSA 71-C:3 as a tax expenditure for the purpose of regular review.
Source. 2014, 28:1, eff. May 23, 2014.
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