New Hampshire HB1831: repealing the education trust fund targeted aid cap.

What the bill says

An act allowing net operating losses to be carried forward in perpetuity following a loss year. Rep. Aures, Merr. 13; Rep. Ulery, Hills. 13; Sen. Abbas, Dist 22; Sen. Lang, Dist 2 COMMITTEE: Ways and Means ----------------------------------------------------------------- ANALYSIS This bill removes the 10 year limitation on net operation loss deductions. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Explanation: Matter added to current law appears in bold italics. Matter removed from current.

From the introduced text:

AN ACT allowing net operating losses to be carried forward in perpetuity following a loss year. Rep. Aures, Merr. 13; Rep. Ulery, Hills. 13; Sen. Abbas, Dist 22; Sen. Lang, Dist 2 COMMITTEE: Ways and Means ----------------------------------------------------------------- ANALYSIS This bill removes the 10 year limitation on net operation loss deductions. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Explanation: Matter added to current law appears in bold italics. Matter removed from current law appears [in brackets and struckthrough.] Matter which is either (a) all new or (b) repealed and reenacted appears in regular type. 26-3187 04/09 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT allowing net operating losses to be carried forward in perpetuity following a loss year. XIII. A deduction for the amount of the net operating loss carryover determined under section 172 of the United States Internal Revenue Code apportioned in the year incurred …

Read the full official text

Sponsors

• Chretien, Suzanne (D, 19) · primary sponsor
• Patricia Cornell (D, 22)
• (D, 8)