ARTICLE
11 August 2017

New Hampshire Enacts Legislation Updating IRC Conformity, Decreasing Tax Rates

On June 28, 2017, New Hampshire Gov. Chris Sununu signed a budget bill which updates the Internal Revenue Code (IRC) conformity date and increases the IRC Section 179 depreciation expense deduction limitation.
United States Tax

On June 28, 2017, New Hampshire Gov. Chris Sununu signed a budget bill which updates the Internal Revenue Code (IRC) conformity date and increases the IRC Section 179 depreciation expense deduction limitation. Further, the law reduces the tax rates for the business profits tax and the business enterprise tax, and repeals the electricity consumption tax.

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