Loading chat...

NH HB1646

Bill

Official Source

Status

Introduced

12/10/2025

Primary Sponsor

Joe Sweeney

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Creates a new Business Profits Tax credit for businesses that construct or fund off-site infrastructure improvements with municipal approval that directly benefit the public
  • Credit cannot exceed the organization's tax liability in any given year
  • Unused portions of the credit may be carried forward for up to 20 years
  • Commissioner of Revenue Administration must adopt rules for documentation, verification of eligible improvements, and credit calculation
  • Effective date of April 1, 2027, with fiscal impact showing indeterminable decrease to General Fund and Education Trust Fund revenue beginning in FY 2028

Legislative Description

Creating an off-site infrastructure improvement tax credit for the value of qualified off-site infrastructure improvements constructed or funded by business organizations that directly benefit the public.

Last Action

Refer for Interim Study: Motion Adopted Voice Vote 02/19/2026 House Journal 5

2/19/2026

Committee Referrals

Ways and Means12/10/2025

Full Bill Text

No bill text available