1 The State and Its Government; State Treasurer; Application of Receipts. Amend RSA 6:12, I(b)(65) to read as follows:

(65) Money received under RSA 77-A, RSA 77-E, RSA 78, RSA 78-A, RSA 78-B, RSA 83-F, RSA 284:44 and RSA 284:47, and from the sweepstakes fund, which shall be credited to the education trust fund under RSA 198:39.

2 The State and Its Government; State Treasurer; Exemptions From Certain Reporting Requirements. Amend RSA 6:12-k, I(d) to read as follows:

(d) RSA 6:12, I, (b)(65), relative to money received under RSA 77-A, RSA 77-E, RSA 78, RSA 78-A, RSA 78-B, RSA 83-F, RSA 284:44 and RSA 284:47, and from the sweepstakes fund, which shall be credited to the education trust fund under RSA 198:39.

3 The State and Its Government; Department of Administrative Services; Granite State Paid Family Leave Plan. Amend RSA 21-I:99 to read as follows:

21-I:99 Granite State Paid Family Leave Plan. There is hereby established the granite state paid family leave plan, which shall be implemented under this subdivision and as provided in RSA 282-B and RSA 77-E.

4 The State and Its Government; Statute of Limitations and Penalties; Penalty for Failure to File. Amend RSA 21-J:31 to read as follows:

21-J:31 Penalty for Failure to File. Any taxpayer who fails to file a return when due, unless an extension has been granted by the department, shall pay a penalty equal to 5 percent of the amount of the tax due or $10, whichever is greater, for each month or part of a month during which the return remains unfiled. The total amount of any penalty shall not, however, exceed 25 percent of the amount of the tax due or $50, whichever is greater. This penalty shall not be applied in any case in which a return is filed within the extended filing period as provided in RSA 77-A:9, RSA 77-E:8, RSA 83-C:6, RSA 84-A:7, or RSA 84-C:7, or the failure to file was due to reasonable cause and not willful neglect of the taxpayer. The amount of the penalty is determined by applying the percentages specified to the net amount of any tax due after crediting any timely payments made through estimating or other means.

5 The State and Its Government; Statute of Limitations and Penalties; Substantial Understatement Penalty. Amend RSA 21-J:33-a, I to read as follows:

I. If there is a substantial understatement of tax imposed under RSA 77-A, RSA 77-E, RSA 78-A, RSA 78-C, RSA 82-A, RSA 83-C, or RSA 84-A for any taxable period, there shall be added to the tax an amount equal to 25 percent of the amount of any underpayment attributable to such understatement.

6 The State and Its Government; Department of Revenue Administration; Extension of Tax Filing Deadlines for Members of the Armed Forces and National Guard. Amend RSA 21-J:46, III to read as follows:

III. This section shall apply only to tax returns and associated payments under RSA 77-A and RSA 77-E.

7 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditures Specified. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; the regional career and technical education center tax credit pursuant to RSA 188-E:9-a; and the exemption for qualified regenerative manufacturing companies allowed under RSA 77-A:1, I and RSA 77-E:1, III.

8 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I to read as follows:

I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each of the past fiscal year's tax expenditures as identified in RSA 71-C:2, and other credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, 78-B, RSA 82-A, RSA 84-A, RSA 84-C, and RSA 400-A.

9 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, II(b)(1) to read as follows:

(1) Other credits allowed under RSA 77-A, RSA 77-E, RSA 77-G, RSA 78, RSA 78-A, RSA 78-B, RSA 82, RSA 82-A, RSA 83-E, RSA 84-A, RSA 84-C, and RSA 400-A against the business profits tax imposed by RSA 77-A; and

10 Taxation; Business Profits Tax; Election and Reporting for Qualified Investment Companies. Amend RSA 77-A:5-b, IV to read as follows:

IV. The qualified investment company shall be subject to the provisions of RSA 77-A:11 and RSA 77-E:10. The commissioner is authorized to audit and enforce such provisions with any of the powers granted under this chapter and RSA 77-E.

11 Taxation; Business Profits Tax; Election and Reporting for Qualified Regenerative Manufacturing Companies. Amend RSA 77-A:5-c, V to read as follows:

V. The qualified regenerative manufacturing company shall be subject to the provisions of RSA 77-A:11 and RSA 77-E:10. The commissioner is authorized to audit and enforce such provisions with any of the powers granted under this chapter and RSA 77-E.

12 Taxation; Business Profits Tax; Payments Due With Returns and With Estimates. Amend RSA 77-A:7, I(a) to read as follows:

(a) All business organizations required under RSA 77-A:6, II to make payments of estimated tax shall make such payments in installments as follows: 25 percent is due and payable on the fifteenth day of the fourth month of the subsequent taxable year; 25 percent is due and payable on the fifteenth day of the sixth month of the subsequent taxable year; 25 percent is due and payable on the fifteenth day of the ninth month of the subsequent taxable year; and 25 percent is due and payable on the fifteenth day of the twelfth month of the subsequent taxable year. Any business enterprise tax credit which may be applied under RSA 77-A:5, X may be applied to the estimated tax payments.

13 Taxation; Education Tax Credit; Definitions. RSA 77-G:1, IV is repealed and reenacted to read as follows:

IV. "Business enterprise" means any profit or nonprofit enterprise or organization, whether corporation, partnership, limited liability company, proprietorship, association, trust, foundation, business trust, real estate trust or other form of organization engaged in or carrying on any business activity within this state, except such enterprises as are expressly made exempt from income taxation under section 501(c)(3) of the United States Internal Revenue Code to the extent such enterprise does not engage in any business activity constituting unrelated business activity as defined by section 513 of the United States Internal Revenue Code. The use of consolidated returns as defined in the United States Internal Revenue Code or of combined reporting is not permitted. Notwithstanding any other provision of this paragraph, an enterprise shall not be characterized as a business enterprise and shall be excluded from taxation at the entity level if it is a qualified investment company or if it is a qualified regenerative manufacturing company.

14 Taxation; Education Tax Credit. Amend RSA 77-G:3 to read as follows:

77-G:3 Contributions to Scholarship Organizations. For each contribution made to a scholarship organization, a business organization, business enterprise, or individual may claim a credit equal to 85 percent of the contribution against the business profits tax due pursuant to RSA 77-A[, against the business enterprise tax due pursuant to RSA 77-E,] or apportioned against each provided the total credit granted shall not exceed the maximum education tax credit allowed. [Credits provided under this chapter shall not be deemed taxes paid for the purposes of RSA 77-A:5, X.] The department of revenue administration shall not grant the credit without a scholarship receipt. No business organization, business enterprise, or individual shall direct, assign, or restrict any contribution to a scholarship organization for the use of a particular student or nonpublic school. No business organization, business enterprise, or individual shall receive more than 10 percent of the aggregate amount of tax credits permitted in RSA 77-G:4.

15 Public Safety and Welfare; Community Development Finance Authority; New Investment Tax Credit. Amend RSA 162-L:10, I and II to read as follows:

I. An investment tax credit equal to 75 percent of the contribution made to the authority during the contributor's tax year shall be allowed against any of the following individually or in combination:

(a) Taxes imposed by RSA 77-A.

(b) Taxes imposed by RSA 400-A.

[(c) Taxes imposed by RSA 77-E.]

II. Credits provided by this section applied against the liabilities imposed by RSA 400-A [and RSA 77-E] shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III [and X, respectively].

16 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows:

162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A[, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E]. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of $40,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A [or RSA 77-E] for 5 taxable periods from the taxable period in which the tax was paid. [For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E.]

17 Labor; Employee Leasing Companies; Tax Credits. Amend RSA 277-B:17-a to read as follows:

277-B:17-a Tax Credits. [For purposes of determination of business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a.] A client company shall be entitled to the benefit of any such tax credit arising as the result of the employment of leased employees of such client company. Notwithstanding that the employee leasing company is the W-2 reporting employer, the client company shall continue to qualify for business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits. Leased employees working for other client companies of the employee leasing company shall not be counted together. Each employing leasing company shall provide, upon request by a client company, state agency, or department responsible for administration of any such tax credit, employment information reasonably required by such agency or department and necessary to support any request, claim, application, or other action by a client company seeking any such tax credit. This section shall not apply to the administration of RSA 282-A.

18 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Effect of Dissolution. Amend RSA 293-A:14.05, (b) to read as follows:

(b) Prior to making any distributions of its remaining property among its shareholders according to their interests, the corporation shall first obtain a certificate of dissolution from the department of revenue administration in accordance with RSA 77-A:18 [and RSA 77-E:12].

19 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Reinstatement Following Administrative Dissolution. Amend RSA 293-A.14.22, (a)(4) to read as follows:

(4) contain a certificate from the department of revenue administration in accordance with RSA 77-A:18, III[, and RSA 77-E:12, III,] if such application is received by the secretary of state more than 120 days after the notice of administrative dissolution is mailed.

20 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Late Reinstatement. Amend RSA 293-A:14.22-a, (a)(4) to read as follows:

(4) Contain a certificate from the New Hampshire department of revenue administration in accordance with RSA 77-A:18, III[, and RSA 77-E:12, III];

21 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Withdrawal of Foreign Corporation. Amend RSA 293-A:15.20, (b)(6) to read as follows:

(6) a statement of withdrawal from the New Hampshire department of revenue administration in accordance with RSA 77-A:18, II [and RSA 77-E:12, II].

22 Repeals. The following are repealed:

I. RSA 77-A:5, X, relative to business enterprise tax credits.

II. RSA 77-E, relative to the business enterprise tax.

III. RSA 162-Q:3, relative to reports filed with the general court concerning the business enterprise tax credit program.

IV. RSA 198:39, II(b), relative to funds certified to the state treasurer regarding the business enterprise tax.

V. RSA 277-B:9, I(h), relative to responsibilities of employee leasing companies to pay taxes under RSA 77-E.

VI. RSA 400-A:34-a, relative to credits for business enterprise taxes.

23 Effective Date. This act shall take effect July 1, 2027.

1 The State and Its Government; State Treasurer; Application of Receipts. Amend RSA 6:12, I(b)(65) to read as follows:

(65) Money received under RSA 77-A, RSA 78, RSA 78-A, RSA 78-B, RSA 83-F, RSA 284:44 and RSA 284:47, and from the sweepstakes fund, which shall be credited to the education trust fund under RSA 198:39.

2 The State and Its Government; State Treasurer; Exemptions From Certain Reporting Requirements. Amend RSA 6:12-k, I(d) to read as follows:

(d) RSA 6:12, I, (b)(65), relative to money received under RSA 77-A, RSA 78, RSA 78-A, RSA 78-B, RSA 83-F, RSA 284:44 and RSA 284:47, and from the sweepstakes fund, which shall be credited to the education trust fund under RSA 198:39.

3 The State and Its Government; Department of Administrative Services; Granite State Paid Family Leave Plan. Amend RSA 21-I:99 to read as follows:

21-I:99 Granite State Paid Family Leave Plan. There is hereby established the granite state paid family leave plan, which shall be implemented under this subdivision and as provided in RSA 282-B .

4 The State and Its Government; Statute of Limitations and Penalties; Penalty for Failure to File. Amend RSA 21-J:31 to read as follows:

21-J:31 Penalty for Failure to File. Any taxpayer who fails to file a return when due, unless an extension has been granted by the department, shall pay a penalty equal to 5 percent of the amount of the tax due or $10, whichever is greater, for each month or part of a month during which the return remains unfiled. The total amount of any penalty shall not, however, exceed 25 percent of the amount of the tax due or $50, whichever is greater. This penalty shall not be applied in any case in which a return is filed within the extended filing period as provided in RSA 77-A:9, RSA 83-C:6, RSA 84-A:7, or RSA 84-C:7, or the failure to file was due to reasonable cause and not willful neglect of the taxpayer. The amount of the penalty is determined by applying the percentages specified to the net amount of any tax due after crediting any timely payments made through estimating or other means.

5 The State and Its Government; Statute of Limitations and Penalties; Substantial Understatement Penalty. Amend RSA 21-J:33-a, I to read as follows:

I. If there is a substantial understatement of tax imposed under RSA 77-A, RSA 78-A, RSA 78-C, RSA 82-A, RSA 83-C, or RSA 84-A for any taxable period, there shall be added to the tax an amount equal to 25 percent of the amount of any underpayment attributable to such understatement.

6 The State and Its Government; Department of Revenue Administration; Extension of Tax Filing Deadlines for Members of the Armed Forces and National Guard. Amend RSA 21-J:46, III to read as follows:

III. This section shall apply only to tax returns and associated payments under RSA 77-A .

7 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditures Specified. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the education tax credit as computed in RSA 77-G:4; the regional career and technical education center tax credit pursuant to RSA 188-E:9-a; and the exemption for qualified regenerative manufacturing companies allowed under RSA 77-A:1, I .

8 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, I to read as follows:

I. On or before December 15 of every fiscal year the commissioner of the department of revenue administration shall certify in a report to the general court and the governor an analysis of each of the past fiscal year's tax expenditures as identified in RSA 71-C:2, and other credits allowed under RSA 77-A, RSA 77-G, RSA 78, RSA 78-A, 78-B, RSA 82-A, RSA 84-A, RSA 84-C, and RSA 400-A.

9 Taxation; Tax Expenditure and Potential Liability Reports; Tax Expenditure and Potential Liability Report. Amend RSA 71-C:4, II(b)(1) to read as follows:

(1) Other credits allowed under RSA 77-A, RSA 77-G, RSA 78, RSA 78-A, RSA 78-B, RSA 82, RSA 82-A, RSA 83-E, RSA 84-A, RSA 84-C, and RSA 400-A against the business profits tax imposed by RSA 77-A; and

10 Taxation; Business Profits Tax; Election and Reporting for Qualified Investment Companies. Amend RSA 77-A:5-b, IV to read as follows:

IV. The qualified investment company shall be subject to the provisions of RSA 77-A:11 . The commissioner is authorized to audit and enforce such provisions with any of the powers granted under this chapter .

11 Taxation; Business Profits Tax; Election and Reporting for Qualified Regenerative Manufacturing Companies. Amend RSA 77-A:5-c, V to read as follows:

V. The qualified regenerative manufacturing company shall be subject to the provisions of RSA 77-A:11 . The commissioner is authorized to audit and enforce such provisions with any of the powers granted under this chapter .

12 Taxation; Business Profits Tax; Payments Due With Returns and With Estimates. Amend RSA 77-A:7, I(a) to read as follows:

(a) All business organizations required under RSA 77-A:6, II to make payments of estimated tax shall make such payments in installments as follows: 25 percent is due and payable on the fifteenth day of the fourth month of the subsequent taxable year; 25 percent is due and payable on the fifteenth day of the sixth month of the subsequent taxable year; 25 percent is due and payable on the fifteenth day of the ninth month of the subsequent taxable year; and 25 percent is due and payable on the fifteenth day of the twelfth month of the subsequent taxable year.

13 Taxation; Education Tax Credit; Definitions. RSA 77-G:1, IV is repealed and reenacted to read as follows:

IV. "Business enterprise" means any profit or nonprofit enterprise or organization, whether corporation, partnership, limited liability company, proprietorship, association, trust, foundation, business trust, real estate trust or other form of organization engaged in or carrying on any business activity within this state, except such enterprises as are expressly made exempt from income taxation under section 501(c)(3) of the United States Internal Revenue Code to the extent such enterprise does not engage in any business activity constituting unrelated business activity as defined by section 513 of the United States Internal Revenue Code. The use of consolidated returns as defined in the United States Internal Revenue Code or of combined reporting is not permitted. Notwithstanding any other provision of this paragraph, an enterprise shall not be characterized as a business enterprise and shall be excluded from taxation at the entity level if it is a qualified investment company or if it is a qualified regenerative manufacturing company.

14 Taxation; Education Tax Credit. Amend RSA 77-G:3 to read as follows:

77-G:3 Contributions to Scholarship Organizations. For each contribution made to a scholarship organization, a business organization, business enterprise, or individual may claim a credit equal to 85 percent of the contribution against the business profits tax due pursuant to RSA 77-A[, against the business enterprise tax due pursuant to RSA 77-E,] or apportioned against each provided the total credit granted shall not exceed the maximum education tax credit allowed. [Credits provided under this chapter shall not be deemed taxes paid for the purposes of RSA 77-A:5, X.] The department of revenue administration shall not grant the credit without a scholarship receipt. No business organization, business enterprise, or individual shall direct, assign, or restrict any contribution to a scholarship organization for the use of a particular student or nonpublic school. No business organization, business enterprise, or individual shall receive more than 10 percent of the aggregate amount of tax credits permitted in RSA 77-G:4.

15 Public Safety and Welfare; Community Development Finance Authority; New Investment Tax Credit. Amend RSA 162-L:10, I and II to read as follows:

I. An investment tax credit equal to 75 percent of the contribution made to the authority during the contributor's tax year shall be allowed against any of the following individually or in combination:

(a) Taxes imposed by RSA 77-A.

(b) Taxes imposed by RSA 400-A.

[(c) Taxes imposed by RSA 77-E.]

II. Credits provided by this section applied against the liabilities imposed by RSA 400-A [and RSA 77-E] shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III [and X, respectively].

16 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows:

162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A[, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E]. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of $40,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A [or RSA 77-E] for 5 taxable periods from the taxable period in which the tax was paid. [For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E.]

17 Labor; Employee Leasing Companies; Tax Credits. Amend RSA 277-B:17-a to read as follows:

277-B:17-a Tax Credits. [For purposes of determination of business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a.] A client company shall be entitled to the benefit of any such tax credit arising as the result of the employment of leased employees of such client company. Notwithstanding that the employee leasing company is the W-2 reporting employer, the client company shall continue to qualify for business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits. Leased employees working for other client companies of the employee leasing company shall not be counted together. Each employing leasing company shall provide, upon request by a client company, state agency, or department responsible for administration of any such tax credit, employment information reasonably required by such agency or department and necessary to support any request, claim, application, or other action by a client company seeking any such tax credit. This section shall not apply to the administration of RSA 282-A.

18 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Effect of Dissolution. Amend RSA 293-A:14.05, (b) to read as follows:

(b) Prior to making any distributions of its remaining property among its shareholders according to their interests, the corporation shall first obtain a certificate of dissolution from the department of revenue administration in accordance with RSA 77-A:18 [and RSA 77-E:12].

19 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Reinstatement Following Administrative Dissolution. Amend RSA 293-A.14.22, (a)(4) to read as follows:

(4) contain a certificate from the department of revenue administration in accordance with RSA 77-A:18, III[, and RSA 77-E:12, III,] if such application is received by the secretary of state more than 120 days after the notice of administrative dissolution is mailed.

20 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Late Reinstatement. Amend RSA 293-A:14.22-a, (a)(4) to read as follows:

(4) Contain a certificate from the New Hampshire department of revenue administration in accordance with RSA 77-A:18, III[, and RSA 77-E:12, III];

21 Corporations, Associations, and Proprietors of Common Lands; Dissolution; Withdrawal of Foreign Corporation. Amend RSA 293-A:15.20, (b)(6) to read as follows:

(6) a statement of withdrawal from the New Hampshire department of revenue administration in accordance with RSA 77-A:18, II [and RSA 77-E:12, II].

22 Repeals. The following are repealed:

I. RSA 77-A:5, X, relative to business enterprise tax credits.

II. RSA 77-E, relative to the business enterprise tax.

III. RSA 162-Q:3, relative to reports filed with the general court concerning the business enterprise tax credit program.

IV. RSA 198:39, II(b), relative to funds certified to the state treasurer regarding the business enterprise tax.

V. RSA 277-B:9, I(h), relative to responsibilities of employee leasing companies to pay taxes under RSA 77-E.

VI. RSA 400-A:34-a, relative to credits for business enterprise taxes.

23 Effective Date. This act shall take effect July 1, 2027.