In determining gross business profits for any period, before net operating loss and special deductions, a business organization shall apply the provisions of the United States Internal Revenue Code consistent with the provisions of this chapter, with the following adjustments:

1. I. The United States Internal Revenue Code shall be applied without section 168(k) of such code.
2. II. [Repealed.]
3. III. The United States Internal Revenue Code shall be applied without section 181 of such code.
4. IV. Section 179 of the Internal Revenue Code shall be applied as provided in RSA 77-A:3-a.

Source. 2016, 295:2, eff. June 21, 2016. 2019, 346:205, eff. Jan. 1, 2020.