§ Rev 2402.07

N.H. Code Admin. R. Rev 2402.07

Non-applicability of Federal Immunity Provision

Effective Jan 29, 2016#7178, eff 12-23-99, EXPIRED: 12-23-07 New. #9065, eff 1-10-08; ss by #11032, eff 1-29-16Department of Revenue Administration

Since the business enterprise tax is not based on the net income or capital stock of the business enterprise, the provisions of 15 USC section 381, P.L. 86-272 shall not apply to a business enterprise.

Source. #7178, eff 12-23-99, EXPIRED: 12-23-07 New. #9065, eff 1-10-08; ss by #11032, eff 1-29-16