HB 1668 · 2026 · House · Ways and Means Committee
Updating tax code references for business tax
AI-generatedrelative to the application of the Internal Revenue Code to provisions of the business profits tax.
Updates the effective version of the Internal Revenue Code applicable to the business profits tax and requires the commissioner of revenue administration to report biennially on code changes.AI-generated
Status
Killed in the House — Inexpedient to Legislate · February 19, 2026- ✓Introduced
- ✕House
- Senate
- Governor
- Law
Analysis
This bill updates the effective version of the United States Internal Revenue Code of 1986 applicable to the business profits tax, subject to certain adjustments. The bill also requires the commissioner of revenue administration to report biennially on changes to the Internal Revenue Code.
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
“In determining gross business profits before net operating loss and special deductions, a business organization shall calculate expense deductions as permitted under section 179 of the Internal Revenue Code as provided in RSA 77-A:1, XX, except that for property placed in service on or after January 1, 2027, a business organization shall calculate expense deductions not to exceed $500,000.”
Official record
gc.nh.gov · the authoritative source
Sponsors
- Rep. Brian LabrieRClerk· Labor, Industrial and Rehabilitative Services
- Rep. Jeanine NotterRAssistant Majority Leader
- Rep. Joe SweeneyRDeputy Majority Leader
- Rep. Keith AmmonRMajority Floor Leader
- Rep. Mike DragoRMajority Whip
Public testimony
Votes
yeanay- Feb 2, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate19–0Overall100% yea
- Feb 19, 2026HouseVoice voteInexpedient to Legislateadopted
Hearings and debates
- Jan 21, 2026Public hearingHouse Ways and Means3:04:47–3:13:008m 13slocated in the stream transcriptPublic Hearing
- Feb 2, 2026Public hearingHouse Ways and Means5:03:40–5:06:012m 21slocated in the stream transcriptCommittee Report: Inexpedient to Legislate; Full Committee Work Session; Executive Session
- Feb 19, 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. 30
- Jan 21, 2026HousePublic Hearing: 01/21/2026 01:00 pm GP 154
- Feb 2, 2026HouseFull Committee Work Session: 02/02/2026 01:00 pm GP 159
- Feb 2, 2026HouseExecutive Session: 02/02/2026 02:00 pm GP 159
- Feb 2, 2026HouseCommittee Report: Inexpedient to Legislate 02/02/2026 (Vote 19-0; CC) HC 7 P. 24
- Feb 19, 2026HouseInexpedient to Legislate: MA VV 02/19/2026 HJ 5 P. 38
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.