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HB 1599 · 2026 · House · Ways and Means Committee

Unlimited business loss carryforward

AI-generated

allowing net operating losses to be carried forward in perpetuity following a loss year.

Removes the 10-year limitation on net operating loss deductions, allowing losses to be carried forward in perpetuity.AI-generated

Status

Referred to interim study (House) · February 12, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill removes the 10 year limitation on net operation loss deductions.

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

“A net operating loss shall only be apportioned in the year incurred and not in the subsequent years it adjusts gross business profits.”
Section 1
“Net operating losses may [only] be carried forward for [the 10] years following the loss year.”
Section 1

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. John JanigianRPrimeChair· Ways and Means
  • Rep. Jordan UleryRVice Chair· Ways and Means
  • Sen. Daryl AbbasRPresident Pro Tempore
  • Sen. Timothy LangRChair· Ways and Means

Also: Rep. Cyril AuresR

Public testimony

3 signed in online · 2 wrote testimony

0% support100% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“This promotes bad business practices in our state and encourages the use of loss properties, which are a horrible feature in our communities. Until I can put off all my bills in perpetuity, too, I absolutely oppose this bill.”
— Stephanie Vazzano, Concordopposes

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: Refer for Interim Study19–0
    Overall
    100% yea
  • Feb 12, 2026HouseVoice voteRefer for Interim Studyadopted

Hearings and debates

  • Jan 21, 2026Public hearingHouse Ways and Means42:51–46:263m 35slocated in the stream transcriptPublic Hearing
  • Jan 28, 2026Public hearingHouse Ways and Means5:52:47–5:54:211m 34slocated in the stream transcriptCommittee Report: Refer for Interim Study; Full Committee Work Session; Executive Session
  • Feb 12, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamRefer for Interim Study — adopted, voice vote
  • Jun 15, 2026Public hearingHouse Ways and Means1:30:54–1:34:033m 9slocated in the stream transcriptFull Committee Work Session

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 Ways and Means HJ 1 P. 27
  2. Jan 21, 2026HousePublic Hearing: 01/21/2026 10:30 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, 2026House: Refer for Interim Study 01/28/2026 (Vote 19-0; CC) HC 6 P. 8
  8. Feb 12, 2026HouseRefer for Interim Study: MA VV 02/12/2026 HJ 4 P. 8
  9. Jun 15, 2026HouseFull Committee Work Session: 06/15/2026 10:00 am GP 159

Coverage

No reporting linked yet.

Documents (PDF)

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