SB 654 creates two new tax credits for businesses in New Hampshire. First, it offers a 20% credit on costs for on-site or nearby childcare services, up to $100,000 per year, for businesses housing childcare in their main building, shared facility, or adjacent buildings in the same park. Second, it provides a 20% credit on health insurance costs up to $10,000 per year per employee for workers with dependents whose work hours fall entirely between 9 a.m. and 3 p.m. on weekdays. Businesses must maintain childcare facilities for three years to keep the credit, with repayment required if they close the facility early, and credits can roll over for up to four years. The bill takes effect July 1, 2027.
HB 1659 creates a new optional property tax credit for veterans with a 100% service-connected disability rating, as certified by the U.S. Department of Veterans Affairs. Cities or towns can choose to adopt this credit, which would provide a tax credit ranging from $701 to $5,000 annually for qualifying veterans' primary homes (up to 10 acres). The credit replaces existing veteran tax exemptions and continues to a surviving spouse (if unmarried) or dependent children after the veteran's death. This applies only to veterans who own their homestead, excluding other property tax exemptions for military service.
HB 1774 requires New Hampshire to participate in a federal tax credit for donations to scholarship organizations and creates a state list of qualifying groups. It prohibits state financial aid for college programs that don't meet federal earnings standards, defined by outcomes like job placement and wages above 150% of the federal poverty level. This affects public colleges, universities, and students enrolled in programs deemed "low-earning outcome" under federal criteria. The law aims to redirect state funding toward academic programs with stronger job prospects for graduates.
HB 1494 increases the maximum allowable amounts for three optional local tax credits in New Hampshire: the veterans' credit ($750 → $1,000), combat service credit ($500 → $750), and surviving spouse credit ($2,000 → $2,500). These credits directly affect eligible veterans, active-duty service members in combat roles, and surviving spouses of service members killed in action. Municipalities must adopt the updated credit amounts (replacing the standard credits), and the surviving spouse credit now covers all property types (real and personal) in the resident's municipality. The changes take effect April 1, 2027, with no requirement for local re-adoption.
HB 1433 creates a tax credit for New Hampshire businesses that create or expand child care programs. Businesses can claim a credit equal to 50% of qualifying expenses for building new facilities or expanding existing ones by at least 12 child care seats not available before January 1, 2027. The credit applies against business profits or enterprise taxes and can be carried forward for up to four years if not fully used in a given year. To qualify, businesses must create or expand licensed child care seats (either directly or through third parties) and submit an application to the Department of Revenue Administration.
HB 1102 increases two key limits on New Hampshire's research and development (R&D) tax credit program. It raises the annual cap on total credits claimed by all businesses from $7 million to $10 million per fiscal year, and increases the maximum credit an individual business can claim from $50,000 to $100,000. This bill directly affects businesses conducting qualifying R&D activities in New Hampshire, allowing them to claim larger credits against their state business taxes. The changes take effect July 1, 2026, and do not require new state funding.
SB 635 establishes a tax credit program for New Hampshire employers that use health reimbursement arrangements (HRAs) instead of traditional group health insurance. Employers with more than one employee (classified as "qualified taxpayers") can claim a credit of up to $400 per covered employee in the first year (reducing to $200 in the second year), with annual limits of $20,000 per employer in year one and $10,000 in year two. The credit is applied against state tax liability, with a total annual cap of $10 million across all claims, and unused credits may be carried forward for up to three years. This policy directly affects employers transitioning to HRAs and aims to offset costs for covering employee health expenses through tax incentives.
HB 1646 creates a tax credit allowing businesses to reduce their state business profits tax by the value of off-site infrastructure they fund or build that directly benefits the public, after obtaining municipal approval. The credit is limited to a business's annual tax liability, with unused portions carryable forward for up to 20 years. Businesses must document these improvements, and the Department of Revenue Administration will develop rules for verification and calculation. The credit takes effect April 1, 2027.
SB 636 creates tax credits for small businesses facing increased costs due to federal tariffs. Qualifying businesses - manufacturers with fewer than 50 employees or non-manufacturers with average annual revenue under $500,000 - can claim a credit equal to 25% of documented tariff-related costs (e.g., via invoices or supplier certifications), up to $7,500 per business annually. The total state spending on these credits is capped at $8 million per fiscal year, with applications processed in order of receipt and prorated if the cap is exceeded. Unused credits may be carried forward for up to three years, but credits are non-refundable and applied first against business profits tax.
HB 1803 prohibits students from receiving both education tax credit scholarships (under RSA 77-G:2) and education freedom account funds (under RSA 194-F:2) in the same program year. This directly affects students currently using or eligible for both programs, requiring them to choose one funding source per year. The bill also removes an additional $2,036 grant for the Virtual Learning Academy Charter School (VLACS) when students in either program enroll part-time, shifting tuition responsibility to families. These changes aim to prevent duplicate funding and adjust state payments for specific school enrollments.
