New HampshireBusinesses could carry net operating losses forward beyond 10 years
If enacted, businesses could use net operating losses to reduce Business Profits Tax in future years without the proposal's 10-year limit.
What it does
Businesses would be allowed to carry net operating losses forward indefinitely for Business Profits Tax purposes, instead of stopping after the period described in the proposal.
Argument forBusinesses could use losses from earlier years to reduce taxable profits later, including after the current proposal's 10-year period would end.
Argument againstState tax revenue could decrease by an uncertain amount if businesses use older losses to offset profits in later years.
More detail
Businesses would be allowed to carry net operating losses forward without a stated end date. This applies to net operating loss deductions used for the New Hampshire Business Profits Tax. The loss must be apportioned in the year it occurred. The loss would not be apportioned again in later years when it reduces business profits. The bill provides no funding or new positions. If enacted, the act would take effect 60 days after passage.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 12Executive Session: 06/15/2026 10:30 am GP 159Latest
- Sep 14Interim Study Report: Not Recommended for Future Legislation 09/02/2026 (Vote 18-0; )
- Jun 3Full Committee Work Session: 06/15/2026 10:00 am GP 159
- Feb 12Refer for Interim Study: MA VV 02/12/2026 HJ 4 P. 8
- Feb 2Committee Report: Refer for Interim Study 01/28/2026 (Vote 19-0; CC) HC 6 P. 8
- Jan 23Full Committee Work Session: 01/28/2026 01:00 pm GP 159
- Jan 23Executive Session: 01/28/2026 02:00 pm GP 154
- Jan 21==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159
- Jan 21==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159
- Jan 14Public Hearing: 01/21/2026 10:30 am GP 154
- 2025
- Dec 10Introduced 01/07/2026 and referred to Ways and Means HJ 1 P. 27Introduced
Taxes & BudgetEconomy & JobsEducation