New Hampshire SB652 modifies the maximum tax credit allowed for overpayments of due taxes, adjusting the percentage over time.
New Hampshire SB652 changes the maximum tax credit for overpayments of due taxes. It sets different maximum credit percentages for various periods, starting with 500% for periods ending after December 31, 2022, and gradually decreasing to 150% for periods ending after December 31, 2041. Any amount exceeding the maximum credit is refunded to the taxpayer. The changes take effect 60 days after the bill's passage.
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