Revision: April 23, 2026, 10:10 a.m.
Senate Finance
April 23, 2026
2026-1640s
04/09
Amendment to HB 1597-FN
Amend the bill by replacing section 1 with the following:
1 Expense Deductions; Cap Increase. Amend RSA 77-A:3-a to read as follows:
77-A:3-a 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; 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.
2026-1640s
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.