Statutes, codes, and regulations
New Hampshire Administrative Code
Title Rev - Department of Revenue AdministrationChapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 303 - ADDITIONS AND DEDUCTIONS MADE TO GROSS BUSINESS PROFITS
Section Rev 303.06 - Deduction Under IRC 163(j)

N.H. Admin. Code § Rev 303.06

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Current through Register No. 50, December 12, 2024
Section Rev 303.06 - Deduction Under IRC 163(j)

A business organization with a fiscal tax period that begins before, and ends on or after, January 1, 2024 and has a carry forward of disallowed business interest under section 163(j) of the IRC at the end of such fiscal tax period, shall be allowed as a deduction of such disallowed business interest expense, under RSA 77-A:4, XX, in 3 equal parts over 3 consecutive years, beginning with the first taxable period commencing on or after the end of said fiscal period.

N.H. Admin. Code § Rev 303.06

Derived from Number 19, Filed May 9, 2024, Proposed by #13943-B, Effective 4/27/2024, Expires 4/27/2034.