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2022 New Hampshire Revised Statutes
Title V - Taxation
Title 77-A - Business Profits Tax
Section 77-A:3-a - Expense Deductions.
Universal Citation: NH Rev Stat § 77-A:3-a (2022)
77-A:3-a Expense Deductions. –
In determining gross business profits before net operating loss and special deductions, a business organization shall calculate expense deductions as permitted under Section 179 of the Internal Revenue Code as provided in RSA 77-A:1, XX, except that for property placed in service on or after January 1, 2018, a business organization shall calculate expense deductions not to exceed $500,000.
Source. 2012, 279:10, eff. June 21, 2012. 2016, 295:4, eff. Jan. 1, 2017. 2017, 156:218, eff. Jan. 1, 2018.
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