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HB 1597 · 2026 · House · Ways and Means Committee

Higher business tax deduction caps

AI-generated

relative to business profits tax expense deductions.

Increases the business profits tax expense deduction cap through phased increases reaching $2,500,000 by 2033.AI-generated

Status

Died on the table in the Senate · May 7, 2026
  1. ✓Introduced
  2. ✓House
  3. ✕Senate
  4. Governor
  5. Law

Analysis

This bill increases the expense deduction cap to $2,500,000 for property placed in service on or after January 1, 2027, aligning with federal standards.

From the bill's official ANALYSIS section.

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. John JanigianRPrimeChair· Ways and Means
  • Rep. Bill OhmRClerk· Ways and Means
  • Rep. Jordan UleryRVice Chair· Ways and Means
  • Sen. Daryl AbbasRPresident Pro Tempore
  • Sen. James GrayRChair· Election Law and Municipal Affairs

Also: Rep. Scott BryerR

Public testimony

3 signed in online · 1 wrote testimony

33% support67% oppose0% neutral

Read the testimony · as of Aug 12, 2026

Hearings

  • 2026-01-2110:00 amHouse Ways and MeansGP 154Public hearingrescheduled
  • 2026-01-261:00 pmHouse Ways and MeansGP 159Public hearingcancelled
  • 2026-01-262:00 pmHouse Ways and MeansGP 159Public hearingcancelled
  • 2026-01-281:00 pmHouse Ways and MeansGP 154Public hearingrescheduled
  • 2026-01-282:00 pmHouse Ways and MeansGP 154Public hearingrescheduled
  • 2026-04-019:15 amSenate Ways and MeansSH 122-123Public hearing

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Ways and Means HJ 1 P. 27
  2. Jan 21, 2026HousePublic Hearing: 01/21/2026 10:00 am GP 154
  3. Jan 26, 2026House==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159
  4. Jan 26, 2026House==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159
  5. Jan 28, 2026HouseFull Committee Work Session: 01/28/2026 01:00 pm GP 159
  6. Jan 28, 2026HouseExecutive Session: 01/28/2026 02:00 pm GP 154
  7. Jan 28, 2026HouseMajority Committee Report: Ought to Pass 01/28/2026 (Vote 13-6; RC) HC 10 P. 75
  8. Feb 4, 2026HouseMinority Committee Report: Inexpedient to Legislate
  9. Mar 12, 2026HouseOught to Pass: MA VV 03/12/2026 HJ 8 P. 81
  10. Mar 12, 2026SenIntroduced 03/12/2026 and Referred to Ways and Means; SJ 7
  11. Apr 1, 2026SenHearing: 04/01/2026, Room 122-123, SH, 10:15 am; SC 12
  12. Apr 9, 2026Sen: Ought to Pass with Amendment # 2026-1322s, 04/09/2026; Vote 5-0; CC; SC 13
  13. Apr 9, 2026SenCommittee Amendment # 2026-1322s, AA, VV; 04/09/2026; SJ 8
  14. Apr 9, 2026SenOught to Pass with Amendment #2026-1322s, MA, VV; Refer to Finance Rule 4-5; 04/09/2026; SJ 8
  15. May 7, 2026SenCommittee Report: Ought to Pass with Amendment # 2026-1640s, 05/07/2026, Vote 7-0; SC 17
  16. May 7, 2026SenCommittee Amendment # 2026-1640s, AA, VV; 05/07/2026; SJ 11
  17. May 7, 2026SenOught to Pass with Amendment #2026-1640s, MA, VV; 05/07/2026; SJ 11
  18. May 7, 2026SenSen. Gray Moved Laid on Table, MA, VV; 05/07/2026; SJ 11
  19. May 7, 2026SenPending Motion OT3rdg; 05/07/2026; SJ 11

Coverage

No reporting linked yet.

Documents (PDF)

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