Community Power is Transforming the Energy Landscape in New Hampshire

More and more communities in New Hampshire are implementing community power programs, which allow a community to select its source of electricity with the goals of saving money, stabilizing rates and/or increasing the amount of renewable energy in the supply. Since this article was published in the NH Bar News, several more towns have launched their programs to residents, with dozens more planning to launch community power programs soon.

Sherry Young Stands Out Among NH Attorneys

Co-Founder of Rath, Young and Pignatelli Receives BIA’s Lifetime Achievement Award. https://members.biaofnh.com/news-releases/Details/sherry-young-stands-out-among-nh-attorneys-183381

Kathryn Bibbo Serves on New England Tax Panel

On November 16, 2023, Kathryn Bibbo served as a panelist on the “Top Developments in New England SALT” session for the New England State and Local Tax Forum in Newton, Massachusetts.  The Forum, now in its 12th successful year, provides an annual update to tax practitioners on significant state and local tax developments from across […]

Corporate Transparency Act Compliance: Important Updates on Corporate Compliance Requirements Effective January 1, 2024

Beginning on January 1, 2024, individuals who own and/or control companies (and company applicants) will need to comply with the Beneficial Ownership Information Reporting Rule of the Corporate Transparency Act, which requires certain information about the individuals that own and control companies to be reported to the Financial Crimes Enforcement Network (“FinCEN”) within the United States Department of the Treasury.  The information to be provided includes the individual’s name, date of birth, current address, and identification. Businesses also have to report the company’s legal name, trade names or DBAs, principal place of business, jurisdiction of formation, and IRS taxpayer identification number.

New Hampshire Commission Rejects Worldwide Reporting

On November 1st, the Commission on Worldwide Reporting for Unitary Businesses Under the Business Profits Tax issued its Final Report recommending against the removal of the water’s edge limitation and the adoption of worldwide reporting for purposes of combined reporting under the Business Profits Tax.  The Commission was born out of House Bill 102 from the 2022 legislative session, codified at RSA 77-A:23-b, but substantive working sessions didn’t begin until this past fall.  Testimony from the Council on State Taxation (COST) and the DRA were instrumental in informing the Commission of the unique and specific manner in which New Hampshire already captures and taxes a significant amount of foreign source income, including foreign dividends, Subpart F and GILTI.