Rep. John Janigian

Maddy summarySB 542 reduces the maximum number of game dates charities can use at gaming facilities from ten to seven per year. It requires each gaming facility to contract with two charitable organizations for every game date and mandates that game operators hold exactly seven annual game dates for the host community. Charities will now be limited to seven game dates per calendar year under the revised licensing rules, with 35% of daily gross revenues distributed equally to partnering charities or the host community.

Maddy summaryHB 1102 increases two key limits on New Hampshire's research and development (R&D) tax credit program. It raises the annual cap on total credits claimed by all businesses from $7 million to $10 million per fiscal year, and increases the maximum credit an individual business can claim from $50,000 to $100,000. This bill directly affects businesses conducting qualifying R&D activities in New Hampshire, allowing them to claim larger credits against their state business taxes. The changes take effect July 1, 2026, and do not require new state funding.

Maddy summaryHB 1194 allows New Hampshire insurance companies to use credits for assessments paid to the Life and Health Insurance Guaranty Association (NHLHIGA) to reduce their state tax liability. Specifically, insurers can offset up to 20% of eligible assessments annually for five years, but this rate drops to 10% if total credits exceed $10 million in a single year. The bill prohibits carrying forward unused credits and requires insurers to repay any refunds received from the NHLHIGA to the state. This policy directly affects insurers participating in the NHLHIGA, which protects policyholders if an insurer becomes insolvent. The change limits potential state revenue loss during years with large NHLHIGA assessments.

Maddy summaryHB 1433 creates a tax credit for New Hampshire businesses that create or expand child care programs. Businesses can claim a credit equal to 50% of qualifying expenses for building new facilities or expanding existing ones by at least 12 child care seats not available before January 1, 2027. The credit applies against business profits or enterprise taxes and can be carried forward for up to four years if not fully used in a given year. To qualify, businesses must create or expand licensed child care seats (either directly or through third parties) and submit an application to the Department of Revenue Administration.

Maddy summaryHB 1093 modifies New Hampshire's building code and school construction funding to treat public charter schools equally with traditional public schools. The bill extends full compliance with state building and fire codes to charter schools (as defined under RSA 194-B) and makes them eligible for the same state construction aid grants as school districts. Specifically, it revises building code language to include charter school facilities and updates funding rules to calculate grants for charters using the same formulas applied to school districts. This change ensures charter schools can access state construction funding and meet the same safety standards as other public schools.

Maddy summaryHB 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.

Maddy summarySB 513 requires school districts and chartered public schools to hire an owner's project manager (OPM) before submitting applications for school building aid grants, rather than after. This applies specifically to construction, renovation, or reconstruction projects costing $1.25 million or more, unless the commissioner grants a waiver. The bill mandates that the OPM must carry specific insurance coverage and sets requirements for the state board to establish qualification rules. This change shifts the timing of OPM engagement from after application submission to the application phase itself.

Maddy summaryHB 1597 raises the maximum deductible amount for business property purchases from $500,000 to $2.5 million for property placed in service on or after January 1, 2027. This directly affects businesses making significant capital investments in equipment or property, aligning New Hampshire’s tax code with federal deduction limits. The key provision modifies the expense deduction cap under the Business Profits Tax statute, allowing larger upfront deductions for qualifying assets. The bill takes effect 60 days after passage, with potential revenue impacts noted as indeterminable starting in fiscal year 2027.

Maddy summaryHB 1319 allows towns, village districts, and school districts to establish or disband local committees that annually review government spending to identify cost-saving opportunities. To adopt such a committee, a local government must hold a vote at its annual meeting using specific ballot language asking for approval, with a majority vote required. If created, the committee (called FACTS) would consist of 3-7 members serving staggered 3-year terms, tasked with evaluating spending efficiency to provide better value for taxpayers. This applies to towns using town meetings or official ballot systems, school districts, and village districts with certain budget processes.

Maddy summaryHB 1624 eliminates three state special funds: the radiation long-term care fund, mosquito control fund, and New Hampshire recovery monument special account. It repeals the legal references establishing these funds and transfers the remaining balance from the recovery monument account to the alcohol abuse prevention and treatment fund. The bill has a minor fiscal impact, costing less than $10,000 annually through 2029. This procedural bill directly affects state fund management by redirecting unused balances to a related public health fund.