NH HB1433

Creates a new Child Day Care Creation Tax Credit allowing businesses a 50% credit on expenditures for acquiring, constructing, or renovating property to create or expand child care facilities, plus operational costs for the first 2 years of new facilities

Applies to businesses that create new child care programs or expand existing ones by at least 12 seats after January 1, 2027, either directly or through third-party providers

Credits can be applied against Business Profits Tax (RSA 77-A) and/or Business Enterprise Tax (RSA 77-E), with unused portions carried forward for up to 4 years

Department of Revenue Administration must approve or deny applications within 60 days and will administer the program, including verifying eligible expenses and proper licensing

Takes effect July 1, 2026, applying to taxable periods ending on or after January 1, 2027, with fiscal impact estimated as an indeterminable decrease to General Fund and Education Trust Fund revenue