creating a child care tax credit for qualifying businesses.

New Section VI caps aggregate tax credits at $5,000,000 per state fiscal year. Applications are processed in order received; excess applications carry forward to the next fiscal year with priority.

Applicability date changed from taxable periods ending on or after January 1, 2027 to taxable periods ending on or after December 31, 2027, effectively delaying when businesses can claim the credit by approximately one year.

Definition of 'operational expenditures' expanded to include 'other ordinary business operating expenses' beyond the previously listed items (employee compensation, training, utilities, rent).

New limitation in Section I(b) explicitly excludes operational expenditures not directly related to new or expanded seats, such as addition of new programs or services.

New minimum content requirements for application forms: business name, address, federal taxpayer ID; contact person name, title, and phone number; and a signed statement of eligibility compliance.

Clarification added that credits applied against business enterprise taxes under RSA 77-E still count as taxes paid under RSA 77-E, resolving the 'cascading' issue where using credit against BET would reduce BPT availability.

Removed language stating unused carried-forward credits must be applied before any other available carry-forward credit, and removed redundant non-refundability language from Section III.

Changed from 'shall propose rules' to 'shall adopt rules,' creating a stronger obligation on the commissioner to finalize regulations rather than merely draft them.

Licensing verification now explicitly requires the department to verify with the department of health and human services, rather than just verifying that a program was duly licensed.

New requirement (V(f)) that the department post an up-to-date total of available credits on its website, adding transparency for potential applicants.