CHAPTER 115
SB 652-FN - FINAL VERSION
2026 SESSION
26-3254
07/09
SENATE BILL 652-FN
AN ACT changing the maximum award of tax credits for overpayment of due taxes.
SPONSORS: Sen. Lang, Dist 2
COMMITTEE: Ways and Means
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ANALYSIS
This bill changes the maximum award of tax credits for overpayment of due taxes.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-3254
07/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty-Six
AN ACT changing the maximum award of tax credits for overpayment of due taxes.
Be it Enacted by the Senate and House of Representatives in General Court convened:
115:1 Business Profits Tax; Payments Due With Returns and With Estimates. Amend RSA 77-A:7, I(b) to read as follows:
(b) If the return required by RSA 77-A:6, I shows an additional amount to be due, such additional amount is due and payable on the prescribed payment date. If such return shows an overpayment of the tax due, the commissioner shall refund or credit the overpayment to the taxpayer in accordance with RSA 21-J:28-a, except that:
(1) For taxable periods ending on or after December 31, 2022 a credit shall only be allowed in an amount up to 500 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;
(2) For taxable periods ending on or after December 31, 2029 a credit shall only be allowed in an amount up to [250] 450 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded; [and]
(3) For taxable periods ending on or after December 31, 2031 a credit shall only be allowed in an amount up to [100] 400 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;
(4) For taxable periods ending on or after December 31, 2033 a credit shall only be allowed in an amount up to 350 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;
(5) For taxable periods ending on or after December 31, 2035 a credit shall only be allowed in an amount up to 300 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;
(6) For taxable periods ending on or after December 31, 2037 a credit shall only be allowed in an amount up to 250 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded;
(7) For taxable periods ending on or after December 31, 2039 a credit shall only be allowed in an amount up to 200 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded; and
(8) For taxable periods ending on or after December 31, 2041 a credit shall only be allowed in an amount up to 150 percent of the total tax liability for the taxable period and the remainder of the overpayment shall be refunded.
115:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: May 28, 2026
Effective Date: July 27, 2026
| Date | Body | Type |
|---|---|---|
| Feb. 4, 2026 | Senate | Hearing |
| Senate | Floor Vote | |
| March 9, 2026 | House | Hearing |
| March 23, 2026 | House | Exec Session |
| March 23, 2026 | House | Floor Vote |
May 29, 2026: Signed by the Governor on 05/28/2026; Chapter 115; Effective 07/27/2026
May 18, 2026: Enrolled Adopted, VV, (In recess 05/14/2026); SJ 13
May 18, 2026: Enrolled (in recess of) 05/14/2026 HJ 13
May 18, 2026: Enrolled (in recess of) 05/14/2026 HJ 13
May 18, 2026: Enrolled Adopted, VV, (In recess 05/14/2026); SJ 13
April 9, 2026: Ought to Pass: MA VV 04/09/2026 HJ 10 P. 16
April 1, 2026: Committee Report: Ought to Pass 03/23/2026 (Vote 19-0; CC)
March 19, 2026: Executive Session: 03/23/2026 11:30 am GP 159
March 19, 2026: Full Committee Work Session: 03/23/2026 10:30 am GP 159
March 9, 2026: Public Hearing: 03/09/2026 12:15 am GP 159
Feb. 26, 2026: Introduced (in recess of) 02/19/2026 and referred to Ways and Means HJ 5 P. 127
Feb. 9, 2026: Ought to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4
Feb. 4, 2026: Committee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6
Jan. 28, 2026: Hearing: 02/04/2026, Room 122-123, SH, 09:45 am; SC 4
Jan. 22, 2026: Introduced 01/07/2026 and Referred to Ways and Means; SJ 2