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NH SB654

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Victoria Sullivan

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Creates a 20% tax credit against the business profits tax for on-site child care expenses, capped at $100,000 per fiscal year, for facilities located within or near the employer's premises
  • Allows unused child care tax credits to roll over for up to 4 years, with older credits applied first
  • Requires businesses to repay all child care credits if they close the facility within 3 years while continuing operations at the same location
  • Establishes a "parent hours" tax credit equal to 20% of health care benefit costs (up to $10,000 per year per employee) for employees with dependents who work only between 9:00 a.m. and 3:00 p.m. on weekdays
  • Takes effect July 1, 2027

Legislative Description

Creating tax credits for businesses that have on-site child care services and for businesses that provide health care coverage for certain employees.

Last Action

Pending Motion Refer to Finance Rule 4-5; 03/05/2026; Senate Journal 5

3/5/2026

Committee Referrals

Ways and Means1/28/2026

Full Bill Text

No bill text available