STATE OF NEW HAMPSHIRE
SENATE
REPORT OF THE COMMITTEE
FOR THE CONSENT CALENDAR
Thursday, April 2, 2026
THE COMMITTEE ON Ways and Means
to which was referred HB 1597-FN
AN ACT relative to business profits tax expense deductions.
Having considered the same, the committee recommends that the Bill
OUGHT TO PASS WITH AMENDMENT
BY A VOTE OF: 5-0
AMENDMENT # 2026-1322s
Senator Donovan Fenton
For the Committee
This bill increases the expense deduction permitted under Section 179 of the Internal Revenue Code. In an effort to reduce the immediate revenue impact of the bill, the committee amended the bill to change the increase to $1 million and added language to increase that amount by $500,000 every two years until the maximum deduction reaches $2.5 million.
Sonja Caldwell 271-2117
FOR THE CONSENT CALENDAR
Ways and Means
HB 1597-FN, relative to business profits tax expense deductions.
Ought to Pass with Amendment, Vote 5-0.
Senator Donovan Fenton for the committee.
This bill increases the expense deduction permitted under Section 179 of the Internal Revenue Code. In an effort to reduce the immediate revenue impact of the bill, the committee amended the bill to change the increase to $1 million and added language to increase that amount by $500,000 every two years until the maximum deduction reaches $2.5 million.