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NH SB635
Bill
Status
11/25/2025
Primary Sponsor
Denise Ricciardi
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AI Summary
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Employers with more than one employee who adopt a health reimbursement arrangement (HRA) instead of traditional employer-provided health insurance can claim a state tax credit of $400 per covered employee in the first year and $200 per covered employee in the second year
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Individual employer credits are capped at $20,000 in the first year and $10,000 in the second year, with a total program cap of $10,000,000 in tax credits per year statewide
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Employers must maintain contribution levels equal to or greater than what they provided under their previous traditional health insurance plan to qualify for the credit
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Credits apply against Business Profits Tax (RSA 77-A) and Business Enterprise Tax (RSA 77-E), with unused credits eligible for carryover up to 3 years but no carryback or refund available
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Takes effect July 1, 2026, applying to taxable periods ending on or after December 31, 2027
Legislative Description
Establishing a health reimbursement arrangement tax credit program and making an appropriation for improvements in the department of revenue administration's information management system.
Last Action
Pending Motion Refer to Finance Rule 4-5; 03/05/2026; Senate Journal 5
3/5/2026