RSA 77-A:3-d Treatment of Water and Sewerage Disposal Utilities.

In determining gross business profits, a business organization shall apply section 118 of the United States Internal Revenue Code consistent with the following adjustments:
I. The term "contribution to the capital of the taxpayer" includes any amount of money or other property received from any person, whether or not a shareholder, by a regulated public utility which provides water or sewerage disposal services if:
(a) Such amount is:
(1) A contribution in aid of construction; or
(2) A contribution to the capital of such utility by a governmental entity providing for the protection, preservation, or enhancement of drinking water or sewerage disposal services;
(b) In the case of a contribution in aid of construction which is property other than water or