Section Rev 306.01 - Insurance Premium Tax Credit(a) A business organization subject to the tax imposed under RSA 400-A shall be allowed a credit against its business profits tax liability for the premium tax liability paid under RSA 400-A:32.(b) The credit shall: (1) Be determined on the basis of the actual tax liability included on the business organization's reports required under RSA 400-A:32, I, and(2) Not be determined upon estimated taxes required by RSA 400-A:32, II.(c) Other fees or charges assessed by the New Hampshire department of insurance shall not be allowed as a credit against the business profits tax.N.H. Code Admin. R. Rev 306.01
#4192, eff 12-23-86; ss by #5490, eff 10-19-92; rpld by #5910, eff 10-14-94; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
Amended byVolume XXXV Number 06, Filed February 12, 2015 , Proposed by #10758, Effective 1/16/2015, Expires1/16/2025.