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Tax Expenditure and Potential Liability Report (Pursuant to RSA 71C)Fiscal Year 2022___ Prepared By New Hampshire Department of Revenue Administration December 12, 2022 ___For The New Hampshire General

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What is tax expenditure and potential?

Tax expenditure and potential refers to the estimated revenue losses resulting from special tax provisions (exemptions, deductions, credits, etc.) that deviate from the normal tax structure.

Who is required to file tax expenditure and potential?

Entities or individuals who are eligible for tax benefits or credits that result in revenue losses are required to file tax expenditure and potential.

How to fill out tax expenditure and potential?

Tax expenditure and potential forms can be filled out online or on paper, providing details of the tax provisions utilized and the corresponding revenue losses.

What is the purpose of tax expenditure and potential?

The purpose of tax expenditure and potential is to provide transparency on the revenue losses associated with special tax provisions, allowing for better evaluation of the tax system.

What information must be reported on tax expenditure and potential?

The information reported on tax expenditure and potential includes details of the tax provisions used, the corresponding revenue losses, and any other information required by the tax authorities.

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