New Hampshire HB 1433: relative to the donation of archival records to the state and relative to classified positions in the secretary of state's office.

Bill Text

HB 1433-FN - VERSION ADOPTED BY BOTH BODIES

5Mar2026... 0828h

4Jun2026... 2142EBA

2026 SESSION

 26-2277

 07/05

HOUSE BILL 1433-FN

AN ACT creating a child care tax credit for qualifying businesses.

SPONSORS: Rep. Kuttab, Rock. 17; Rep. Drye, Sull. 7; Rep. Janigian, Rock. 25; Rep. Mary Murphy, Hills. 27; Rep. Mooney, Hills. 12; Rep. Schamberg, Merr. 6; Rep. D. Paige, Carr. 1; Rep. Rice, Hills. 38; Rep. Ohm, Hills. 10; Rep. L. Walsh, Rock. 15; Sen. Ricciardi, Dist 9; Sen. Reardon, Dist 15; Sen. Birdsell, Dist 19; Sen. Sullivan, Dist 18

COMMITTEE: Ways and Means

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ANALYSIS

 This bill creates a child care tax credit for qualifying businesses.

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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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

5Mar2026... 0828h

4Jun2026... 2142EBA 26-2277

 07/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT creating a child care tax credit for qualifying businesses.

Be it Enacted by the Senate and House of Representatives in General Court convened:

 1 Statement of Purpose. The general court finds that:

 I. The availability of reliable child care is critical for parents to remain in the work force, and that there is a shortage of child care available to working parents in New Hampshire.

 II. It is in the interest of this state to stimulate the creation and expansion of child care programs by providing an incentive to businesses in the form of a tax credit.

 III. The department of revenue administration should administer a new tax credit for businesses that provide additional child care opportunities.

 2 New Chapter; Child Day Care Creation Tax Credit. Amend RSA by inserting after chapter 162-V the following new chapter:

CHAPTER 162-W

CHILD DAY CARE CREATION TAX CREDIT 

 162-W:1 Short Title. This chapter may be known and cited as "The Child Day Care Creation Tax Credit Program."

 162-W:2 Definitions. In this chapter: 

 I. “Child care program” shall have the same meaning as group child day care center under RSA 170-E:2, IV(c). 

 II. "Creates child care" means making available child care seats in a New Hampshire-licensed child care program by a business entity, either directly or through a third-party, where such child care program was not available prior to January 1, 2027. 

 III. "Expands child care" means the increase in the number of child care seats in a child care program made available by a business entity, either directly or through a third party, provided that such increase provides 12 or more seats that were not available prior to January 1, 2027.

 IV. “Operational expenditures” means the operating expenses of a qualified childcare facility, including employee compensation, expenses for training of employees, utilities, rent, and other ordinary business operating expenses. 

 162-W:3 Child Care Creation Tax Credit Established. 

 I. There shall be allowed a child care creation tax credit for eligible businesses, pursuant to this section, for qualifying expenditures made during a taxable year as follows: 

 (a) Expenditures in acquiring, constructing, rehabilitating, renovating, or expanding property to create child care or expand child care; and

 (b) Operational expenditures for the first 2 years of a new child care facility, or for existing facilities, the increased operational expenditures as calculated compared towards the difference between current year’s operational expenditures and that of the average yearly expenditures over the period of the 2 years prior. Allowable operational expenditures shall exclude expenditures not directly related to the new or expanded seats, such as the addition of new programs or services. 

 II. A business may claim a credit equal to 50 percent of its total claimed expenditures in subparagraphs I(a) and (b) against its business profits taxes due under RSA 77-A, against its business enterprise taxes due under RSA 77-E, or apportioned against each, provided the total credits granted shall not exceed 50 percent of the businesses' total claimed expenditures under subparagraphs I(a) and (b). The credit applied to the business enterprise taxes due under RSA 77-E shall still be considered taxes paid under RSA 77-E. 

 III. Unused portions of the credit allowed under this section may be carried forward for 4 successive years if the amount allowable as a credit exceeds the businesses' tax liability in a tax year. 

 IV. A business which operates, or contracts for the operation of, a child care program through a third party for the primary purpose of providing child care services to its employees may apportion the