1. (a) A business organization subject to the tax imposed under RSA 400-A shall be allowed a credit against its business profits tax liability for the premium tax liability paid under RSA 400-A:32.

2. (b) The credit shall:

   1. (1) Be determined on the basis of the actual tax liability included on the business organization's reports required under RSA 400-A:32, I; and
   2. (2) Not be determined upon estimated taxes required by RSA 400-A:32, II.
3. (c) Other fees or charges assessed by the New Hampshire department of insurance shall not be allowed as a credit against the business profits tax.

Source. #4192, eff 12-23-86; ss by #5490, eff 10-19-92; rpld by #5910, eff 10-14-94; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06; ss by #10758, eff 1-16-15; ss by #14231, eff 4-3-25, EXPIRES 4-3-35