HB 255 · 2025 · House · Ways and Means Committee
More business tax revenue to education fund
AI-generatedincreasing the percentage of revenue deposited in the education trust fund from the business profits tax.
Increases the percentage of business profits tax revenue certified for deposit in the education trust fund.AI-generated
Status
Killed in the House — Inexpedient to Legislate · February 20, 2025- ✓Introduced
- ✕House
- Senate
- Governor
- Law
Analysis
This bill increases the percentage of revenue from the business profits tax certified for deposit in the education trust fund.
From the bill's official ANALYSIS section.
In the bill's words
Quoted verbatim from the bill as introduced. Passages chosen from the operative text.Computed by this site
“The commissioner shall determine [41] 59 percent of the revenue produced by the tax imposed by RSA 77-A:2 for each fiscal year and shall certify such amounts to the state treasurer by October 1 of that year for deposit in the education trust fund established by RSA 198:39.”
Official record
gc.nh.gov · the authoritative source
Sponsors
Public testimony
Votes
yeanay- Feb 4, 2025HouseCommittee report· regular calendar: Inexpedient to Legislate16–4Overall80% yea
- Feb 20, 2025HouseDivisionInexpedient to LegislateAdopted341–29Overall92% yea
Hearings and debates
- Jan 22, 2025Public hearingHouse Ways and Means3:33:20–3:35:021m 42slocated in the stream transcriptPublic Hearing
- Feb 4, 2025Public hearingHouse Ways and Means4:11:29–4:16:264m 57slocated in the stream transcriptMajority Committee Report: Inexpedient to Legislate — roll call; Executive Session
- Feb 20, 2025Floor debateHouse floor1:03:17–1:07:013m 44slocated in the stream transcriptInexpedient to Legislate — adopted, division 341-29
Timestamps locate where this bill is taken up in the chamber's YouTube stream.
Legislative history
- Jan 8, 2025HouseIntroduced 01/08/2025 and referred to Ways and Means HJ 2 P. 12
- Jan 22, 2025HousePublic Hearing: 01/22/2025 01:30 pm LOB 202-204
- Feb 4, 2025HouseExecutive Session: 02/04/2025 01:30 pm LOB 202-204
- Feb 4, 2025HouseMajority Committee Report: Inexpedient to Legislate 02/04/2025 (Vote 16-4; RC) HC 12 P. 12
- Feb 7, 2025HouseMinority Committee Report: Ought to Pass
- Feb 20, 2025HouseInexpedient to Legislate: MA DV 341-29 02/20/2025 HJ 6 P. 22
Coverage
No reporting linked yet.
Background reading
Evergreen reading on the policy area — spanning perspectives — not coverage of this specific bill.
- New Hampshire R&D Tax Credit: Key Insights for ManufacturersNH context — how it works
Cherry Bekaert — A tax advisory firm's explanation of how New Hampshire's research and development tax credit is calculated and claimed.AI-generated
Tax Foundation — Analysis making the economic case for incentivizing research and development while noting the credit's design tradeoffs.AI-generated
Governing — Examines whether state-level R&D credits meaningfully increase research activity relative to their cost.AI-generated
SSTI (State Science & Technology Institute) — Reviews research finding mixed results on whether state R&D credits boost overall state research spending.AI-generated
The Pew Charitable Trusts — Nonpartisan look at how states evaluate whether their R&D tax incentives achieve intended results.AI-generated
Bipartisan Policy Center — Overview of how R&D tax policy works and the arguments on both sides of expanding research incentives.AI-generated
Documents (PDF)
Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.