Raising research and development tax credit

Analysis

This bill: I. Raises the aggregate value of all research and development tax credits that can be claimed. II. Raises the hard cap on the research and development tax credit an entity can claim.

From the bill's official ANALYSIS section.

Sponsors

• Sen. Daniel InnisRChair, Majority Policy Conference
• Sen. Rebecca Perkins KwokaDMinority Leader

Also: Sen. Tim McGoughR, Sen. David WattersD

Public testimony

No one submitted online testimony on this bill. See the record

Hearings

• 2025-02-129:15 amSenate Ways and MeansSH 100Public hearing

Legislative history

1. Jan 9, 2025SenIntroduced 01/09/2025 and Referred to Ways and Means; SJ 3
2. Feb 12, 2025SenHearing: 02/12/2025, Room 100, SH, 09:15 am; SC 9
3. Mar 6, 2025SenCommittee Report: Ought to Pass with Amendment # 2025-0399s, 03/06/2025; Vote 5-0; CC; SC 11
4. Mar 6, 2025SenCommittee Amendment # 2025-0399s, AA, VV; 03/06/2025; SJ 6
5. Mar 6, 2025SenOught to Pass with Amendment #2025-0399s, MA, VV; Refer to Finance Rule 4-5; 03/06/2025; SJ 6
6. Mar 20, 2025SenCommittee Report: Ought to Pass, 03/20/2025, Vote 6-0; SC 13
7. Mar 20, 2025SenOught to Pass: MA, VV; 03/20/2025; SJ 8
8. Mar 20, 2025SenSen. Pearl Moved Laid on Table, MA, VV; 03/20/2025; SJ 8
9. Mar 20, 2025SenPending Motion OT3rdg; 03/20/2025; SJ 8
10. Oct 31, 2025SenInexpedient to Legislate, Senate Rule 3-23, 10/31/2025; SJ 1

Coverage

No reporting linked yet.

Documents (PDF)

• Introducedversion
• As Amended by the Senateversion
• Amendment 2025-0399samendment
• Senate Committee Report · 2025-02-12report
• Senate Hearing Report · 2025-02-13report
• Senate Committee Report · 2025-03-11report

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.