NH House Testimony
All bills

HB1599

House · 2026 sessionRepublicanInterim study

Unlimited business loss carryforward

AI

Removes the 10-year limitation on net operating loss deductions, allowing losses to be carried forward in perpetuity.

allowing net operating losses to be carried forward in perpetuity following a loss year.

Business and IndustryTaxes - State

Status

Referred to interim study (House) · February 12, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Division of testimony

3 submissions
Support 0Oppose 3Neutral 0
Stephanie VazzanoOpposeConcord, NHfor MyselfJan 21, 2026

This promotes bad business practices in our state and encourages the use of loss properties, which are a horrible feature in our communities. Until I can put off all my bills in perpetuity, too, I absolutely oppose this bill.

Daniel RichardsonOpposeNashua, NHfor MyselfJan 21, 2026

NO NEW TAXES

Lynn MerloneOpposeRindge, NHfor MyselfJan 21, 2026

Position recorded without written comment.