Bill > SB654

This bill establishes two new tax credits for businesses to be applied against their business profits tax. The first credit, the "on-site child care services tax credit," allows businesses to claim 20 percent of qualifying expenses related to providing child care services for their employees, with a maximum credit of $100,000 per fiscal year. These services must be located at the business's main building, a shared building, or within the same office or industrial park, and the Department of Health and Human Services will define what constitutes "qualifying expenditures." Unused portions of this credit can be carried forward for up to four years, but businesses must repay the credit if they close the child care facility within three years of receiving it while maintaining operations at the same location, though the Department of Revenue Administration may waive this repayment in certain circumstances like business sales. The second credit, the "parent hours" tax credit, offers businesses 20 percent of the cost of health care benefits provided to eligible employees, up to $10,000 per employee annually. An "eligible employee" is defined as someone with at least one dependent whose work hours are exclusively between 9:00 a.m. and 3:00 p.m. on weekdays. This bill is set to take effect on July 1, 2027.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=3253&sy=2026&sortoption=&txtsessionyear=2026&txtbillnumber=SB654