Section Rev 2405.04 - Carryover of Unused Credits Resulting From Changes in Form of Business(a) The surviving entity involved in a merger may utilize unused business enterprise tax credits of the merged companies.(b) The surviving entity involved in a merger shall determine the expiration date of unused credits based on the original carryover periods of the credits obtained in the merger.(c) A business enterprise which changes its form of conducting business, such as the incorporation of a proprietorship, shall: (1) Not lose the unused business enterprise tax credits available to it at the time of change; and(2) Determine the expiration date of all unused credits based on the original carryover periods of the credits.N.H. Admin. Code § Rev 2405.04
#7178, eff 12-23-99 (from Rev 2405.02) , EXPIRED: 12-23-07
New. #9065, eff 1-10-08
Amended by Volume XXXVI Number 06, Filed February 11, 2016, Proposed by #11032, Effective 1/29/2016, Expires 1/29/2026.