New Hampshire 2026 Session Status: Passed House 6 R cosponsors

HB 1597 — relative to business profits tax expense deductions.

Last action — Pending Motion OT3rdg; 05/07/2026; SJ 11

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has passed the House. Introduced December 10, 2025. It now moves to the second chamber.

Next likely step: consideration and a floor vote in the Senate.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 38% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 6 sponsors

    1 primary, 5 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (6 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

relative to business profits tax expense deductions.

Bill Text

What changed in the latest version

7 added · 13 removed

Plain-language change summary

The latest amendment to bill HB 1597 changes the expense deduction cap for businesses from a one-time increase to $2,500,000 to a gradual increase starting at $1,000,000 in 2027, rising by $500,000 every two years until it reaches the cap. This change allows businesses more time to adapt to the new deduction limits, making it easier for them to plan their finances and investments. Additionally, the amendment clarifies the deduction limits for property placed in service between 2018 and 2027 to avoid any potential confusion about the rules during that period. Overall, these adjustments aim to create a clearer and more manageable deduction system for businesses.

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HB 1597-FN - AS AMENDED BY THE SENATE 04/09/2026 1322s 05/07/2026 1640s SESSION 26-3177 04/09 HOUSE BILL 1597-FN AN ACT relative to business profits tax expense deductions.
HB 1597-FN - AS AMENDED BY THE SENATE 04/09/2026 1322s SESSION 26-3177 04/09 HOUSE BILL 1597-FN AN ACT relative to business profits tax expense deductions.
Ways and Means ───────────────────────────────────────────────────────────────── AMENDED ANALYSIS This bill increases the expense deduction cap by adding phased-in caps of $1,000,000 in 2027, $1,500,000 in 2029, $2,000,000 in 2031, and $2,500,000 in 2033.
Ways and Means ───────────────────────────────────────────────────────────────── AMENDED ANALYSIS This bill increases the expense deduction cap to $1,000,000, and every 2 years thereafter by $500,000 until it reaches $2,500,000, for property placed in service on or after January 1, 2027.
HB 1597-FN - AS AMENDED BY THE SENATE 04/09/2026 1322s 05/07/2026 1640s 26-3177 04/09 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to business profits tax expense deductions.
HB 1597-FN - AS AMENDED BY THE SENATE 04/09/2026 1322s 26-3177 04/09 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT relative to business profits tax expense deductions.
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, 2018, a business organization shall calculate expense deductions not to exceed $500,000;
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, [2018] 2027, a business organization shall calculate expense deductions not to exceed [$500,000] $1,000,000, which shall increase by $500,000 every 2 years on January 1 until it reaches $2,500,000.
for property placed in service on or after January 1, 2027, a business organization shall calculate expense deductions not to exceed $1,000,000;
for property placed in service on or after January 1, 2029, a business organization shall calculate expense deductions not to exceed $1,500,000;
for property placed in service on or after January 1, 2031, a business organization shall calculate expense deductions not to exceed $2,000,000;
and for property placed in service on or after January 1, 2033, a business organization shall calculate expense deductions not to exceed $2,500,000.
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Action History

  1. Pending Motion OT3rdg; 05/07/2026; SJ 11

  2. Sen. Gray Moved Laid on Table, MA, VV; 05/07/2026; SJ 11

  3. Ought to Pass with Amendment #2026-1640s, MA, VV; 05/07/2026; SJ 11

  4. Committee Amendment # 2026-1640s, AA, VV; 05/07/2026; SJ 11

  5. Committee Report: Ought to Pass with Amendment # 2026-1640s, 05/07/2026, Vote 7-0; SC 17

  6. Ought to Pass with Amendment #2026-1322s, MA, VV; Refer to Finance Rule 4-5; 04/09/2026; SJ 8

  7. Committee Amendment # 2026-1322s, AA, VV; 04/09/2026; SJ 8

  8. Committee Report: Ought to Pass with Amendment # 2026-1322s, 04/09/2026; Vote 5-0; CC; SC 13

  9. Hearing: 04/01/2026, Room 122-123, SH, 10:15 am; SC 12

  10. Introduced 03/12/2026 and Referred to Ways and Means; SJ 7

  11. Ought to Pass: MA VV 03/12/2026 HJ 8 P. 81

  12. Minority Committee Report: Inexpedient to Legislate

  13. Majority Committee Report: Ought to Pass 01/28/2026 (Vote 13-6; RC) HC 10 P. 75

  14. Full Committee Work Session: 01/28/2026 01:00 pm GP 159

  15. Executive Session: 01/28/2026 02:00 pm GP 154

  16. ==CANCELLED== Full Committee Work Session: 01/26/2026 01:00 pm GP 159

  17. ==CANCELLED== Executive Session: 01/26/2026 02:00 pm GP 159

  18. Public Hearing: 01/21/2026 10:00 am GP 154

  19. Introduced 01/07/2026 and referred to Ways and Means HJ 1 P. 27

Sponsors

Sponsorship breakdown

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1 sponsors · 5 co-sponsors · 409 not signed on

Sponsors (1)

Co-sponsors (5)

Not signed on (409)

409 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 1597 do?
relative to business profits tax expense deductions.
Who sponsors HB 1597?
HB 1597 is sponsored by Daryl Abbas (Republican), James Gray (Republican), Jordan Ulery (Republican), John Janigian (Republican), Bill Ohm (Republican), and Scott Bryer (Republican).
What is the current status of HB 1597?
This bill has passed the House. Introduced December 10, 2025. It now moves to the second chamber.
Where can I track HB 1597?
Track HB 1597 free on One Click Politics — get push/email alerts when it moves.

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