SB 652 New Hampshire Senate · 2026 Regular Session

changing the maximum award of tax credits for overpayment of due taxes.

SB 652 limits how much excess tax paid by businesses can be applied as a credit toward future taxes. It caps the credit amount at decreasing percentages of the business's tax owed - starting at 500% for 2022-2029 tax periods, then gradually reducing to 150% by 2041. Any overpayment exceeding these caps must be refunded, not applied as a credit. This directly affects businesses that pay more in business profits tax than owed, changing how they handle excess payments.

Issues: ✗ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Apr 2026

Senate Passage

Feb 2026

House Passage

Apr 2026

Signed into Law

May 2026

Introduced Jan 22, 2026 Signed May 29, 2026

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What changed between versions

Version adopted by both bodies → CHAPTERED FINAL VERSION · 3 edits

MINOR

No substantive policy changes were made between the version adopted by both bodies and the final chaptered version. The changes are entirely procedural: the bill was assigned Chapter 115, section numbers were updated to the RSA format (115:1, 115:2), the fiscal note was removed, and approval/effective dates were added. The tax credit phase-down schedule (500% down to 150% over 2022-2041) remains identical.

TECHNICAL

Section numbers changed from generic '1' and '2' to RSA chapter format '115:1' and '115:2', reflecting the bill's assignment as Chapter 115 of the session laws.

The entire fiscal note section (including revenue impact estimates and methodology) was removed, as fiscal notes are not part of the enacted law text.

TIMELINE

Approval date (May 28, 2026) and effective date (July 27, 2026) were added at the end of the document, consistent with the 60-day effective period specified in the bill.

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 29, 2026

Signed into law

Signed by the Governor on 05/28/2026; Chapter 115; Effective 07/27/2026

upper

Apr 9, 2026

Lower · Passed

Ought to Pass: MA VV 04/09/2026 HJ 10 P. 16

lower

Apr 1, 2026

Lower · Passed

Committee Report: Ought to Pass 03/23/2026 (Vote 19-0; CC)

lower

Mar 19, 2026

Lower · Passed

Full Committee Work Session: 03/23/2026 10:30 am GP 159

lower

Feb 26, 2026

Introduced

Introduced (in recess of) 02/19/2026 and referred to Ways and Means HJ 5 P. 127

lower

Feb 9, 2026

Upper · Passed

Ought to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4

upper

Feb 4, 2026

Upper · Passed

Committee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6

upper

Jan 22, 2026

Introduced

Introduced 01/07/2026 and Referred to Ways and Means; SJ 2

upper

1 primary · 0 co-sponsors