Revision: April 2, 2026, 8:46 a.m.
Senate Ways and Means
April 1, 2026
2026-1322s
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] 2027, a business organization shall calculate expense deductions not to exceed [$500,000] $1,000,000, which shall increase by $500,000 every 2 years on January 1 until it reaches $2,500,000.
2026-1322s
AMENDED ANALYSIS
This bill increases the expense deduction cap to $1,000,000, and every 2 years thereafter by $500,000 until it reaches $2,500,000, for property placed in service on or after January 1, 2027.