New Hampshire Revised Statutes 77:18-a – Fiscal Year Taxpayers’ Returns
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Terms Used In New Hampshire Revised Statutes 77:18-a
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
- month: shall mean a calendar month, and the word "year" a calendar year, unless otherwise expressed; and the word "year" shall be equivalent to the expression "year of our Lord. See New Hampshire Revised Statutes 21:8
Taxpayers who file a federal income tax return on a fiscal year basis shall file the return required by N.H. Rev. Stat. § 77:18 on the same fiscal year, paying the tax due on the fifteenth day of the fourth month following the end of said fiscal year. Taxpayers who elect for federal tax purposes to change their tax year shall have an exemption allowed under N.H. Rev. Stat. § 77:5 in the same proportion as their tax year bears to the calendar year.