changing the maximum award of tax credits for overpayment of due taxes.
Sponsored By: Timothy Lang (Republican)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Lower business tax credits, excess refunded
New Hampshire businesses face limits on tax overpayments they can carry forward toward future Business Profits Tax bills. The cap equals 500% of the period’s total tax bill for taxable periods ending on or after December 31, 2022. It falls to 450% for periods ending on or after December 31, 2029. Later caps apply to periods ending on or after these dates: December 31, 2031: 400%; December 31, 2033: 350%; December 31, 2035: 300%; December 31, 2037: 250%; December 31, 2039: 200%; December 31, 2041: 150%. Any overpayment above the applicable cap must be refunded instead. This changes how businesses receive their overpayments, not how much tax they owe. The law takes effect 60 days after enactment.
Sponsors & Cosponsors
Sponsor
Timothy Lang
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by the Governor on 05/28/2026; Chapter 115; Effective 07/27/2026
5/29/2026SenateEnrolled (in recess of) 05/14/2026 HJ 13 P. 147
5/18/2026HouseEnrolled Adopted, VV, (In recess 05/14/2026); SJ 13
5/18/2026SenateOught to Pass: MA VV 04/09/2026 HJ 10 P. 16
4/9/2026HouseCommittee Report: Ought to Pass 03/23/2026 (Vote 19-0; CC)
4/1/2026HouseExecutive Session: 03/23/2026 11:30 am GP 159
3/19/2026HouseFull Committee Work Session: 03/23/2026 10:30 am GP 159
3/19/2026HousePublic Hearing: 03/09/2026 12:15 am GP 159
3/9/2026HouseIntroduced (in recess of) 02/19/2026 and referred to Ways and Means HJ 5 P. 127
2/26/2026HouseOught to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4
2/9/2026SenateCommittee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6
2/4/2026SenateHearing: 02/04/2026, Room 122-123, SH, 09:45 am; SC 4
1/28/2026SenateIntroduced 01/07/2026 and Referred to Ways and Means; SJ 2
1/22/2026Senate
Bill Text
Enrolled
5/18/2026
Introduced
1/22/2026
CHAPTERED FINAL VERSION
Version adopted by both bodies
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