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SB 636 · 2026 · Senate · Ways and Means Committee

Small business tariff tax credits

AI-generated

establishing tax credits for qualifying small businesses against documented tariff-related costs.

Establishes tax credits for qualifying small businesses against documented tariff-related costs.AI-generated

Status

Killed in the Senate — Inexpedient to Legislate · January 29, 2026
  1. ✓Introduced
  2. ✕Senate
  3. House
  4. Governor
  5. Law

Analysis

This bill establishes tax credits for qualifying small businesses against documented tariff-related costs.

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

““Tariff-related costs” means increased costs of goods, inputs, or supplies directly attributable to federal tariffs imposed under the Harmonized Tariff Schedule of the United States, as evidenced by invoices, tariff classification codes, or supplier certifications acceptable to the department of revenue administration.”
RSA 77-A:5-d
“A qualifying small business shall be allowed a non-refundable credit against the tax due under this chapter equal to 25 percent of documented tariff-related costs incurred during the taxable year.”
RSA 77-E:15
“The total amount of credits approved under this section shall not exceed $8,000,000 in any state fiscal year.”
RSA 77-A:5-d
“Credits shall be approved by the department in the order in which fully complete applications are received.”
RSA 77-A:5-d

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Sen. Donovan FentonDPrime
  • Sen. Cindy RosenwaldDDeputy Democratic Leader
  • Sen. Rebecca Perkins KwokaDMinority Leader
  • Sen. Suzanne PrentissDAssistant Democratic Leader
  • Rep. Anita BurroughsDRanking Member· Commerce and Consumer Affairs

Also: Sen. Pat LongD, Sen. David WattersD, Sen. Debra AltschillerD

Public testimony

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

Votes

yeanay
Starting text: Bill as introduced
  • Jan 29, 2026SenateCommittee report: Inexpedient to Legislate3–2
    Overall
    60% yea
  • Jan 29, 2026SenateRoll callInexpedient to LegislateAdopted16–8How they voted
    Overall
    67% yea
    Party-line vote
    Republicans
    16–0100% yea
    Democrats
    0–80% yea

Hearings and debates

  • Jan 14, 2026Public hearingSenate Ways and Means1:50:23–1:50:5027slocated in the stream transcriptHearing
  • Jan 29, 2026Floor debateSenate floor3:04:07–3:09:485m 41slocated in the stream transcriptCommittee Report: Inexpedient to Legislate; Inexpedient to Legislate — adopted, roll call 16-8

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

Legislative history

  1. Jan 7, 2026SenIntroduced 01/07/2026 and Referred to Ways and Means; SJ 1
  2. Jan 14, 2026SenHearing: 01/14/2026, Room 122-123, SH, 10:05 am; SC 46
  3. Jan 29, 2026Sen: Inexpedient to Legislate, 01/29/2026, Vote 3-2; SC 3
  4. Jan 29, 2026SenInexpedient to Legislate, RC 16Y-8N, MA === BILL KILLED ===; 01/29/2026; SJ 2

Coverage

No reporting linked yet.

Documents (PDF)

  • Introducedversion

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