relative to business profits tax expense deductions.

Summary

The bill changes New Hampshire’s business profits tax so that companies can immediately deduct up to $2.5 million for qualifying property placed in service on or after Jan 1 2027, up from the current $500,000 limit. It applies to all business organizations that claim the Section 179 deduction under RSA 77‑A. The change is meant to match federal rules and could lower state tax revenues, though the exact impact is uncertain.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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