HB 450 (2023)
Remove taxable income limitation for net operating loss deduction
Summary:
Removes the taxable income limitation imposed on the calculation of net operating loss deduction (NOLD) under section 172 of the Internal Revenue Code. For Business Profits Tax (BPT) taxpayers, NOLD is currently limited to 80% of the taxable income which is eliminated by this bill.
Bill Became Law?:
No
Status:
Status Detail:
Interim Study
Public Hearing Date:
04/10/2024 09:45 am
Public Hearing Location:
SH Room 100
House Voting Date:
01/03/2024
Senate Voting Date:
05/22/2024
Want hearing dates, vote records or the full bill text? See more on the Statehouse website
https://gencourt.state.nh.us/bill_status/billinfo.aspx?id=416&inflect=2
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