New Hampshire Revised Statutes 78-C:4 – Payment of Tax
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I. One-third of the taxpayer’s estimated tax on refined petroleum products for the subsequent taxable period is due and payable at the time the taxpayer files the declaration required in N.H. Rev. Stat. § 78-C:3, II;
1/3 is due and payable one month thereafter; and
1/3 is due and payable 2 months thereafter. If the return required by N.H. Rev. Stat. § 78-C:3, I, shows an additional amount to be due, such additional amount is due and payable at the time the return is filed. If such return shows an overpayment of the tax due, the commissioner shall allow the taxpayer a credit against a subsequent payment or payments due, to the extent of the overpayment.
II. Any person who produces refined petroleum products who fails to make payment when due shall, in addition, pay a late payment charge equal to 10 percent of the defaulted payment plus interest computed at the rate of one percent per month or fraction thereof from the prescribed payment date to the date payment is actually made. Such late payment charge and interest shall be in addition to any late filing fee which may be due under the provisions of N.H. Rev. Stat. § 78-C:3, III.
1/3 is due and payable one month thereafter; and
Terms Used In New Hampshire Revised Statutes 78-C:4
- Commissioner: means the commissioner of revenue administration. See New Hampshire Revised Statutes 78-C:1
- 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
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
- Refined petroleum products: includes motor oil, kerosene, residual oil, fuel oil, gasoline, petroleum asphalts, road oils and other distillates and petrochemicals produced from crude petroleum by any person in the state. See New Hampshire Revised Statutes 78-C:1
- Taxable period: means a quarterly period of 3 months commencing on January 1, April 1, July 1, and October 1. See New Hampshire Revised Statutes 78-C:1
1/3 is due and payable 2 months thereafter. If the return required by N.H. Rev. Stat. § 78-C:3, I, shows an additional amount to be due, such additional amount is due and payable at the time the return is filed. If such return shows an overpayment of the tax due, the commissioner shall allow the taxpayer a credit against a subsequent payment or payments due, to the extent of the overpayment.
II. Any person who produces refined petroleum products who fails to make payment when due shall, in addition, pay a late payment charge equal to 10 percent of the defaulted payment plus interest computed at the rate of one percent per month or fraction thereof from the prescribed payment date to the date payment is actually made. Such late payment charge and interest shall be in addition to any late filing fee which may be due under the provisions of N.H. Rev. Stat. § 78-C:3, III.