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SB 276 · 2025 · Senate · Ways and Means Committee

Raising research and development tax credit

AI-generated

relative to raising the research and development tax credit.

Raises the aggregate statewide cap and the per-entity cap on research and development tax credits that may be claimed.AI-generated

Status

Killed in the Senate — Inexpedient to Legislate · November 3, 2025
  1. ✓Introduced
  2. ✕Senate
  3. House
  4. Governor
  5. Law

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.

In the bill's words

Quoted verbatim from the bill as amended by the Senate. Passages chosen from the operative text.Computed by this site

“There shall be allowed a research and development tax credit for qualified manufacturing research and development expenditures made or incurred during the fiscal year, as follows:”
Section 1
“The aggregate of tax credits issued by the commissioner to all taxpayers claiming the credit shall not exceed [$7,000,000] $10,000,000 for any fiscal year.”
Section 1
“Each credit shall be used to offset the taxpayer's tax liability within the subsequent 5 tax years.”
Section 1
“Taxpayers shall apply for the tax credit on forms provided by the commissioner and shall be accompanied by information or records required by the commissioner.”
Section 1

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Ruth WardRPrimeDeputy Majority Leader
  • 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

Votes

yeanay
Starting text: Bill as introduced

Hearings and debates

  • Feb 12, 2025Public hearingSenate Ways and Means12:57–20:087m 11slocated in the stream transcriptHearing
  • Mar 6, 2025Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass with Amendment # 2025-0399s; Ought to Pass with Amendment #2025-0399s — adopted, voice vote; Committee Amendment # 2025-0399s — adopted, voice vote
  • Mar 20, 2025Floor debateSenate floor2:28:32–2:30:231m 51slocated in the stream transcriptCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote; Sen. Pearl Moved Laid on Table — adopted, voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

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, 2025Sen: 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.

Background reading

Evergreen reading on the policy area — spanning perspectives — not coverage of this specific bill.

Documents (PDF)

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