New Hampshire Department of Revenue Administration Adopts, Readopts Market-Sourcing Rules

The New Hampshire Department of Revenue Administration March 5 adopted and readopted with amendments 16 regulations concerning market-based sourcing methods, for corporate income tax purposes. The rule includes measures: 1) reflecting the market-based sourcing method of apportioning sales of services and intangibles, effective Jan. 1, for taxable periods ending on or after Dec. 31 for business profits tax and business enterprise tax purposes; 2) adopting the definition “delivered to a location in this state” used in a new market-based sourcing rule; 3) readopting special industry-specific apportionment rules to cross-reference the new market-based sourcing rules; and 4) adopting a dividends apportionment ...