HB 1594-FN-A – AS INTRODUCED
2010 SESSION
09/10
HOUSE BILL 1594-FN-A
AN ACT repealing the tax on gambling winnings.
SPONSORS: Rep. Bailey, Rock 3; Rep. Renzullo, Hills 27; Rep. Hogan, Hills 25; Rep. Seidel, Hills 20; Rep. Boyce, Belk 5; Sen. Carson, Dist 14
This bill repeals the tax on gambling winnings.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2304
09/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT repealing the tax on gambling winnings.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Repeal. The following are repealed:
I. RSA 21-J:13, XIII, relative to rulemaking for collection of taxes on gambling winnings.
II. RSA 77:38 – 77:50, relative to taxation of gambling winnings.
III. 2009, 144:252, relative to positions established, department of revenue administration.
IV. 2009, 144:253, relative to appropriation for funding positions and costs of implementing the tax on gambling winnings.
2 New Section; Gambling Winnings Tax Exempt. Amend RSA 284 by inserting after section 21-r the following new section:
284:21-rr Winnings Tax Exempt. Notwithstanding any other provisions of law to the contrary a recipient of any money or prize awarded pursuant to the provisions of RSA 284:21-i shall be exempt from any tax imposed thereon, by the state of New Hampshire.
3 Effective Date. This act shall take effect upon its passage.
LBAO
10-2304
12/08/09
HB 1594-FN-A - FISCAL NOTE
AN ACT repealing the tax on gambling winnings.
FISCAL IMPACT:
The Department of Revenue and Lottery Commission state this bill will decrease state general fund revenue and expenditures by an indeterminable amount in FY 2010 and each fiscal year thereafter. This bill will have no fiscal impact on county and local revenues or expenditures.
METHODOLOGY:
The Department of Revenue Administration states this bill repeals the tax on gambling winnings upon passage of the bill. The Department determined that state general fund revenue will decrease by $5.9 million in FY 2010 and $7.9 million in FY 2011. The Department did not project beyond the current biennium. The Department further states that they can administer this bill within their existing budget. The current budget includes appropriations for implementation and administration of this tax of $190,000 in FY 2010 and $90,000 in FY 2011 (contained in Chapter 144:252 & 253, Laws of 2009). The Department states that depending on the date of passage of this bill, some or all of these appropriations may be expended.
The Lottery Commission states that the repeal of the gambling winnings tax on lottery related prizes will decrease state general fund revenue by $2.5 million (estimated prizes over $600, $25 million x 10% tax = $2.5 million) in FY 2010 and each year thereafter.
The Racing & Charitable Gaming Commission states there is no fiscal impact on their agency.