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HB 1230 · 2026 · House · Judiciary Committee

Cap on state tax and debt growth

AI-generated

relative to increases in state tax rates and debts.

Requires the state, political subdivisions, or local districts to cap annual spending, tax rate changes, or debt increases at a rate tied to inflation and population change, and creates a right of action against officials who exceed those caps.AI-generated

Status

Killed in the House — Inexpedient to Legislate · February 12, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill: I. Requires that the state, political subdivisions of the state, or local districts cap total annual spending, changes to tax rates, or increases in debt at a rate tied to increases in inflation and population change. II. Creates a right of action against the state, political subdivisions of the state, or local districts for persons whom reveal a state or local official to prevent such conduct.

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 state's total fiscal year maximum annual percentage change in New Hampshire's fiscal year total spending shall be determined by the 4-year moving average rate of inflation, up to 2.5 percent, and the annual percentage change in New Hampshire's population during the prior calendar year.”
RSA 6-C:3
“Every local taxing district's maximum annual percentage change in fiscal year total spending shall be changed annually by the 4-year moving average rate of inflation, up to 2.5 percent, plus the percentage change in the political subdivision's population during the prior calendar year.”
RSA 6-C:3
“Excess revenues over the annual revenue limit, up to 10 percent, shall be deposited in an interest-bearing rainy day fund, and shall only be used to pay for expenses up to the spending limit.”
RSA 6-C:3
“Excess revenues above the rainy day fund cap shall be refunded or, upon voter approval, used to repay debts.”
RSA 6-C:3

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Jordan UleryRPrimeVice Chair· Ways and Means

Public testimony

17 signed in online · 2 wrote testimony

6% support94% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“I don’t believe in ideology that says taxes are always too high and we can never afford more than we are paying now. I believe that our financial needs go up and down as we spend and pay down investments through taxes. Caps will not allow for good government or lower taxes.…”
— Brian Flynn, Rumneyopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Jan 28, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate18–0
    Overall
    100% yea
  • Feb 12, 2026HouseVoice voteInexpedient to Legislateadopted

Hearings and debates

  • Jan 14, 2026Public hearingHouse Judiciary3:17:31–3:18:401m 9slocated in the stream transcriptPublic Hearing; Executive Session
  • Feb 12, 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

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Judiciary HJ 1 P. 11
  2. Jan 14, 2026HousePublic Hearing: 01/14/2026 10:30 am GP 230
  3. Jan 14, 2026HouseExecutive Session: 01/14/2026 10:30 am GP 230
  4. Jan 28, 2026HouseCommittee Report: Inexpedient to Legislate 01/28/2026 (Vote 18-0; CC) HC 6 P. 7
  5. Feb 12, 2026HouseInexpedient to Legislate: MA VV 02/12/2026 HJ 4 P. 7

Coverage

No reporting linked yet.

Documents (PDF)

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