HB 1629 · 2026 · House · Ways and Means Committee
Repealing the business enterprise tax
AI-generatedrepealing the business enterprise tax.
Repeals the business enterprise tax and removes all related statutory references throughout state law.AI-generated
Status
Killed in the House — Inexpedient to Legislate · February 6, 2026- ✓Introduced
- ✕House
- Senate
- Governor
- Law
Analysis
This bill repeals the business enterprise tax and all references thereto.
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
“There is hereby established the granite state paid family leave plan, which shall be implemented under this subdivision and as provided in RSA 282-B [and RSA 77-E].”
“Any taxpayer who fails to file a return when due, unless an extension has been granted by the department, shall pay a penalty equal to 5 percent of the amount of the tax due or $10, whichever is greater, for each month or part of a month during which the return remains unfiled.”
“Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII;”
“For each contribution made to a scholarship organization, a business organization, business enterprise, or individual may claim a credit equal to 85 percent of the contribution against the business profits tax due pursuant to RSA 77-A[, against the business enterprise tax due pursuant to RSA 77-E,] or apportioned against each provided the total credit granted shall not exceed the maximum education tax credit allowed.”
Official record
gc.nh.gov · the authoritative source
Sponsors
- Rep. Tom MannionRAssistant Majority Whip
Public testimony
249 signed in online · 66 wrote testimony
3% support97% oppose0% neutral
ForConditional support tied to spending reductions
AgainstState cannot afford to lose a major revenue source
AI-generatedLeading arguments, summarized by the testimony tool.
Read the argumentsIn their wordsVerbatim, exactly as submitted
“Given the spending ratchet, I am willing to entertain elimination of BET and BPT. But I prefer to kill one utterly first. Show me spending reductions that can support killing both, and then I am even more broadly in favor.”
“Cutting another revenue source so that property tax payers shoulder the burden? We will vote you out if you support this bill.”
“Reducing these taxes reduces revenue for the state and eventually leads to more property tax hikes for homeowners. Then you wonder why no one wants to move to our now unaffordable state??”
“If the state of NH would pay its fair share, we taxpayers would save far more on property taxes. Stop the gop tax scam for once and for all. NH must fund public education.…”
Verbatim excerpts of submitted testimony, quoted from the testimony tool.
Read the testimony · as of Aug 12, 2026
Votes
yeanay- Jan 21, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate17–0Overall100% yea
- Feb 5, 2026HouseVoice voteInexpedient to Legislateadopted
Hearings and debates
- Jan 21, 2026Public hearingHouse Ways and Means1:32:51–1:35:232m 32slocated in the stream transcriptCommittee Report: Inexpedient to Legislate; Public Hearing; Executive Session
- Feb 5, 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
- Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Ways and Means HJ 1 P. 29
- Jan 21, 2026HousePublic Hearing: 01/21/2026 11:30 am GP 154
- Jan 26, 2026House==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159
- Jan 26, 2026House==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159
- Jan 21, 2026HouseExecutive Session: 01/21/2026 02:00 pm GP 159
- Jan 21, 2026House: Inexpedient to Legislate 01/21/2026 (Vote 17-0; CC) HC 5 P. 19
- Feb 5, 2026HouseInexpedient to Legislate: MA VV 02/05/2026 HJ 3 P. 23
Coverage
No reporting linked yet.
Background reading
Evergreen reading on the policy area — spanning perspectives — not coverage of this specific bill.
- New Hampshire R&D Tax Credit: Key Insights for ManufacturersNH context — how it works
Cherry Bekaert — A tax advisory firm's explanation of how New Hampshire's research and development tax credit is calculated and claimed.AI-generated
Tax Foundation — Analysis making the economic case for incentivizing research and development while noting the credit's design tradeoffs.AI-generated
Governing — Examines whether state-level R&D credits meaningfully increase research activity relative to their cost.AI-generated
SSTI (State Science & Technology Institute) — Reviews research finding mixed results on whether state R&D credits boost overall state research spending.AI-generated
The Pew Charitable Trusts — Nonpartisan look at how states evaluate whether their R&D tax incentives achieve intended results.AI-generated
Bipartisan Policy Center — Overview of how R&D tax policy works and the arguments on both sides of expanding research incentives.AI-generated
Documents (PDF)
Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.