summary
Introduced
01/24/2023
01/24/2023
In Committee
02/09/2023
02/09/2023
Crossed Over
Passed
Dead
02/22/2023
02/22/2023
Introduced Session
2023 Regular Session
Bill Summary
This bill: I. Removes the repeal of the interest and dividends tax rate that was to take place on January 1, 2027. II. Removes the interest and dividends tax rate reductions that were to occur after December 31, 2024. III. Increases the taxable minimum of gross income from interest and dividends.
AI Summary
This bill removes the scheduled repeal of the interest and dividends tax rate that was set to occur on January 1, 2027, as well as the planned rate reductions after December 31, 2024. Additionally, it increases the taxable minimum of gross income from interest and dividends from $2,400 to $50,000. These changes maintain the current 5% interest and dividends tax rate and raise the threshold for when that tax applies.
Committee Categories
Budget and Finance
Sponsors (11)
Donna Soucy (D)*,
Shannon Chandley (D),
Lou D'Allesandro (D),
Donovan Fenton (D),
Rebecca Perkins Kwoka (D),
Sue Prentiss (D),
Cindy Rosenwald (D),
Laura Telerski (D),
David Watters (D),
Becky Whitley (D),
Matthew Wilhelm (D),
Last Action
Inexpedient to Legislate, Regular Calendar 13Y-10N, Motion Adopted === BILL KILLED ===; 02/22/2023; Senate Journal 8 (on 02/22/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=997&sy=2023&sortoption=&txtsessionyear=2023&txtbillnumber=SB261 |
| BillText | https://gc.nh.gov/bill_status/legacy/bs2016/billText.aspx?sy=2023&id=1006&txtFormat=html |
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