HB 1546 · 2026 · House · Ways and Means Committee
Repealing the business profits tax
AI-generatedrepealing the business profits tax.
Repeals the state's business profits tax and removes all related statutory references across tax administration, revenue distribution, financial disclosure, and penalty provisions.AI-generated
Status
Killed in the House — Inexpedient to Legislate · February 5, 2026- ✓Introduced
- ✕House
- Senate
- Governor
- Law
Analysis
This bill repeals the business profits tax and all references thereto.
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
“Any taxpayer who fails to file a return when due, unless an extension has been granted by the department, shall pay a penalty equal to 5 percent of the amount of the tax due or $10, whichever is greater, for each month or part of a month during which the return remains unfiled.”
“Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6;”
“No payment received by a displaced person under this chapter shall be considered as income for the purpose of determining the eligibility or extent of eligibility of any person for assistance under any state law or for the purposes of [RSA 77-A or] any [other] direct or indirect tax on income under state law.”
“The economic revitalization zone tax credit shall be applied against the [business profits tax under RSA 77-A, and any unused portion thereof may be applied against the] business enterprise tax under RSA 77-E.”
Official record
gc.nh.gov · the authoritative source
Sponsors
- Rep. Tom MannionRAssistant Majority Whip
Also: Rep. Mark WardenR
Public testimony
280 signed in online · 75 wrote testimony
3% support97% oppose0% neutral
ForWould support repeal only alongside matching spending cuts
AgainstBPT is a major revenue source funding essential services
AI-generatedLeading arguments, summarized by the testimony tool.
Read the argumentsIn their wordsVerbatim, exactly as submitted
“Given the spending ratchet, I am willing to entertain elimination of BET and BPT. But I prefer to kill one utterly first. Show me spending reductions that can support killing both, and then I am even more broadly in favor.”
“The State of New Hamshire has obligations to its public school students to provide sufficient funding to allow for provision of an constitutionally adequate education in each of our local district public schools.…”
“Passage of this bill will further increase property taxes, which already are the 3rd highest in the USA.”
“Cutting back another revenue source for the state? Please stop putting the burden on property taxes.”
Verbatim excerpts of submitted testimony, quoted from the testimony tool.
Read the testimony · as of Aug 12, 2026
Votes
yeanay- Jan 21, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate17–0Overall100% yea
- Feb 5, 2026HouseVoice voteInexpedient to Legislateadopted
Hearings and debates
- Jan 21, 2026Public hearingHouse Ways and Means1:35:03–1:35:3734slocated in the stream transcriptCommittee Report: Inexpedient to Legislate; Public Hearing; Executive Session
- Feb 5, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamInexpedient to Legislate — adopted, voice vote
Timestamps locate where this bill is taken up in the chamber's YouTube stream.
Legislative history
- Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Ways and Means HJ 1 P. 25
- Jan 21, 2026HousePublic Hearing: 01/21/2026 11:00 am GP 154
- Jan 26, 2026House==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159
- Jan 26, 2026House==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159
- Jan 21, 2026HouseExecutive Session: 01/21/2026 02:00 pm GP 159
- Jan 21, 2026House: Inexpedient to Legislate 01/21/2026 (Vote 17-0; CC) HC 5 P. 19
- Feb 5, 2026HouseInexpedient to Legislate: MA VV 02/05/2026 HJ 3 P. 23
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.