Budget & Taxes (Revenue)

failed · New Hampshire · House Feb 19, 2026

HB 1474: relative to the formula of distribution of revenue from the meals and rooms tax.

HB 1474 changes how New Hampshire distributes revenue from its meals and rooms tax to local governments. It creates a new "meals and rooms municipal revenue fund" and establishes a formula that prioritizes towns, cities, and unincorporated areas with an average property value per adjusted resident of $500,000 or less. The formula adjusts population by excluding residents in exempt housing (like colleges, prisons, and nursing homes), then calculates distributions based on how far each community’s property value per person falls below $500,000. This replaces the previous distribution method without changing the total tax revenue amount. The new system takes effect July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill restructures meals/rooms tax revenue distribution to prioritize lower-property-value communities, directing tax funds to local governments per adjusted population.92% confidence

Sub-Topics Revenue

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failed · New Hampshire · House Feb 12, 2026

HB 1596: relative to the collection of certain health care program premiums; funding for the university system of New Hampshire; and raising the tobacco tax.

HB 1596 raises New Hampshire's cigarette and little cigar tax from $1.78 to $2.80 per pack of 20, increasing revenue for state funds. It appropriates $18 million annually to New Hampshire's university system to restore higher education funding to 2024 levels. The bill also stops collecting premiums for two health programs: the Children's Health Insurance Program and the NH Granite Advantage health care program. These changes take effect July 1, 2026, with tobacco tax revenue funding the university appropriation and education trust fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises tobacco tax to fund university system ($18M/year), increasing state revenue while restoring education funding.95% confidence ✓ EducationSupports EducationAppropriates $18M annually to restore university system funding, directly advancing higher education support per bill summary.95% confidence ✗ HealthcareOpposes HealthcareDefunds two health programs (CHIP and Granite Advantage) while redirecting tobacco tax revenue to universities, directly reducing healthcare coverage.95% confidence

Sub-Topics Appropriations Revenue Higher Education Children's Health Insurance

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died · New Hampshire · House Aug 20, 2026

HB 1063: reducing the amount of meals and rooms taxes operators can retain.

HB 1063 reduces the percentage of meals and rooms tax that businesses (like restaurants and hotels) can retain from 3% to 1.5% for returns filed electronically and received on time by the Department of Revenue Administration. This change directly affects operators who collect these taxes, shifting revenue from their retained portion to state funds. The bill amends RSA 78-A:7, III and takes effect July 1, 2026. Based on FY 2025 data, this would increase state revenue by approximately $6.4 million annually, primarily benefiting the General Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces business tax retention, shifting $6.4M to state revenue, directly increasing budget funds per FY 2025 data.95% confidence

Sub-Topics Revenue State Budget

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failed · New Hampshire · House Mar 11, 2026

HB 1764: establishing community workforce housing targets, special assessment provisions, and a revolving loan fund for workforce housing development.

HB 1764 sets annual workforce housing targets for New Hampshire municipalities (cities, towns, and unincorporated areas) based on factors like available land, infrastructure access, and proximity to jobs. Municipalities failing to meet 50% of their cumulative target by 2028 must review zoning barriers and develop improvement plans, and may face a special property tax on high-value properties ($1.5M+). The tax revenue funds a revolving loan program offering below-market-rate financing to developers for workforce housing projects and related infrastructure upgrades. This bill directly affects local governments and housing developers by creating accountability measures and new funding streams for affordable housing.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes special property tax on high-value properties ($1.5M+) to fund workforce housing loan program, directly allocating tax revenue to essential housing development.90% confidence ✓ HousingSupports HousingSets mandatory workforce housing targets, funds development via revolving loan program, and imposes tax on high-value properties to support housing growth.95% confidence

Sub-Topics Property Tax Revenue Affordable Housing Property Taxes Zoning

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in committee · New Hampshire · House Jun 3, 2026

HB 1599: allowing net operating losses to be carried forward in perpetuity following a loss year.

HB 1599 removes the current 10-year limit on businesses carrying forward net operating losses (NOLs) after a loss year, allowing these losses to be used indefinitely to offset future profits. This directly affects businesses that incurred losses in prior tax years, particularly those with large NOLs that would have expired under current law. The key change amends state tax code to align with federal rules, eliminating the requirement to use NOLs within a decade. While the fiscal note indicates this could reduce state revenue (as businesses may offset future profits with older losses), the exact impact depends on when businesses generate sufficient profits to utilize these carryforwards.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends business tax relief by removing NOL carryforward limit, aligning state tax code with federal rules and providing indefinite loss utilization for businesses.95% confidence

Sub-Topics Business Taxes Revenue State Budget

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died · New Hampshire · House Mar 4, 2026

HB 1660: relative to municipal credit enhancement agreements and tax increment financing for priority housing development.

HB 1660 allows New Hampshire municipalities to use project-based credit enhancement agreements (CEAs) to incentivize specific housing developments without requiring a full tax increment financing (TIF) district. It directly affects municipalities and developers building qualifying housing projects, such as senior housing, skilled care facilities, workforce housing, or other community-identified housing needs. The bill clarifies that housing-related captured tax revenue will be excluded from equalized property valuation calculations, preventing towns from facing artificially inflated state tax bases. This change streamlines support for housing projects while excluding conversions of existing homes, luxury developments, or individually owned units like single-family homes. The law aims to address housing shortages by making municipal financial tools more accessible for housing-focused initiatives.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables municipalities to use tax increment financing for housing development, advancing fiscal tools for budget management and housing funding.90% confidence ✓ HousingSupports HousingEnables municipalities to incentivize affordable housing projects (workforce, senior) via CEAs without full TIF, advancing development through financial mechanisms.95% confidence

Sub-Topics Debt & Bonds Revenue Tax Incentives Affordable Housing Housing Finance Property Taxes

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signed · New Hampshire · House Jul 20, 2026

HB 1588: relative to the regulation of accessory parking for vehicles by local legislative bodies and multifamily housing within commercial districts by municipalities; establishing special assessment districts; and relative to expanding the housing infrastructure  municipal grant program and making an appropriation therefor.

HB 1588 establishes a process for cities and towns to create special assessment districts to fund infrastructure improvements (like roads, water, and sewer systems) directly tied to new housing developments. Municipalities can finance these projects through property assessments on benefiting parcels - collected over up to 20 years - without using general tax revenue. The bill also expands an existing state grant program to fund municipal infrastructure upgrades for new housing, with a $1 appropriation for fiscal year 2027. This directly affects municipalities planning new housing projects and property owners within designated districts who may face assessments based on their specific benefit from improvements.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands state grant program for housing infrastructure funding via targeted assessments, avoiding general tax revenue while advancing municipal fiscal management.90% confidence ✓ HousingSupports HousingBill enables new housing development by funding infrastructure via special assessments and expanded grants, directly advancing housing construction without general tax revenue.95% confidence ✓ TransportationSupports TransportationBill explicitly funds road infrastructure via special assessment districts for housing-linked upgrades, directly advancing transportation infrastructure as stated in summary.95% confidence

Sub-Topics Appropriations Revenue Housing Finance Property Taxes Zoning

signed · New Hampshire · House Jun 22, 2026

HB 1495: allowing a reimbursement anticipation note to be used as collateral in certain circumstances.

HB 1495 allows New Hampshire school districts to borrow against expected state reimbursements (like education funds) and count those borrowed funds as revenue when setting property tax rates. The bill requires that borrowed funds be used only for the same purpose as the anticipated reimbursement. School districts must notify the state revenue department in writing about the amount to be counted as revenue, and this borrowing is exempt from standard debt limit restrictions under RSA 33. The bill directly affects school districts receiving state education reimbursements by changing how they can manage and report anticipated funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows school districts to borrow against expected state funds to lower property tax rates, promoting fiscal flexibility without increasing taxes.95% confidence

Sub-Topics Property Tax Revenue