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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.

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

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
  • 2026-06-1510:00 amHouse Ways and MeansGP 159Public hearingrescheduled

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.