HB 450-FN (2024): relative to removing the net operating loss deduction limit on taxable income under the business profits tax.

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MLA: “HB 450-FN (2024): relative to removing the net operating loss deduction limit on taxable income under the business profits tax.” Granite Record, https://graniterecord.org/bill/2024/hb450. Accessed 24 Oct. 2026.
APA: Granite Record. (n.d.). HB 450-FN (2024): relative to removing the net operating loss deduction limit on taxable income under the business profits tax. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2024/hb450
Chicago: Granite Record. “HB 450-FN (2024): relative to removing the net operating loss deduction limit on taxable income under the business profits tax.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2024/hb450.
BibTeX: @misc{bill-2024-hb450, title = {HB 450-FN (2024): relative to removing the net operating loss deduction limit on taxable income under the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2024/hb450}, note = {Accessed 24 Oct. 2026} }

HB 450-FN (2024)

relative to removing the net operating loss deduction limit on taxable income under the business profits tax.

Status: Referred for interim study
Term: 2023-2024
House committee: Ways and Means
Senate committee: Ways and Means
Subject: Taxes - State

The Story

It was introduced on January 5, 2023 and referred to the House Ways and Means committee. The committee held a public hearing on January 31, 2023. The committee held a work session on March 7, 2023. The committee met in executive session on March 8, 2023 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held a work session on September 19, 2023. The committee met in executive session on September 19, 2023 to vote on its recommendation. The committee held a work session on October 19, 2023. The committee met in executive session on October 19, 2023 to vote on its recommendation. The committee voted unanimously, 19–0, to recommend that the House pass it with changes (amendment 2023-2272h), and the report was placed on the regular calendar. The committee's amendment (2023-2272h) was adopted on a voice vote on January 4, 2024, changing the text of the bill. On January 4, 2024 the House voted to pass it with changes on a voice vote. It crossed to the Senate on February 21, 2024 and was referred to the Senate Ways and Means committee. The committee held a public hearing on April 10, 2024. The committee voted unanimously, 5–0, to recommend that the Senate pass it, and the report was placed on the consent calendar. On May 2, 2024 the Senate voted to pass it on a voice vote, then referred it on to the Senate Finance committee. The committee voted unanimously, 6–0, to recommend that the Senate study it after the session ends. On May 22, 2024 the Senate adopted “Refer to Interim Study” on a voice vote.

Hearings and Sessions

January 31, 2023, 10:30 AM: public hearing, House Ways and Means, LOB 202-204
March 7, 2023, 11:00 AM: full committee work session, House Ways and Means, LOB 202-204
March 8, 2023, 1:15 PM: executive session, House Ways and Means, LOB 202-204
September 19, 2023, 10:00 AM: full committee work session, House Ways and Means, LOB 202-204
September 19, 2023, 10:30 AM: executive session, House Ways and Means, LOB 202-204
October 19, 2023, 9:30 AM: full committee work session, House Ways and Means, LOB 202-204
October 19, 2023, 10:00 AM: executive session, House Ways and Means, LOB 202-204
April 10, 2024, 9:45 AM: hearing, Senate Ways and Means, SH 100

Votes

January 4, 2024, House: Ought to Pass with Amendment 2023-2272h — voice vote, passed
May 2, 2024, Senate: Ought to Pass — voice vote, passed
May 22, 2024, Senate: Refer to Interim Study — voice vote, passed

The Docket

January 5, 2023: Introduced (in recess of) 01/05/2023 and referred to Ways and Means
January 31, 2023: Public Hearing: 01/31/2023 10:30 am LOB 202-204
March 7, 2023: Full Committee Work Session: 03/07/2023 11:00 am LOB 202-204
March 8, 2023: Executive Session: 03/08/2023 01:15 pm LOB 202-204
March 8, 2023: Retained in Committee
September 19, 2023: Full Committee Work Session: 09/19/2023 10:00 am LOB 202-204
September 19, 2023: Executive Session: 09/19/2023 01:30 pm LOB 202-204
September 19, 2023: Executive Session: 09/19/2023 10:30 am LOB 202-204
October 10, 2023: ==CANCELLED== Full Committee Work Session: 10/10/2023 09:30 am LOB 202-204
October 10, 2023: ==CANCELLED== Executive Session: 10/10/2023 10:00 am LOB 202-204
October 19, 2023: Full Committee Work Session: 10/19/2023 09:30 am LOB 202-204
October 19, 2023: Executive Session: 10/19/2023 10:00 am LOB 202-204
October 19, 2023: Committee Report: Ought to Pass with Amendment #2023-2272h 10/19/2023 (Vote 19-0; RC)
January 4, 2024: Amendment #2023-2272h : AA VV 01/04/2024
January 4, 2024: Ought to Pass with Amendment 2023-2272h: MA VV 01/04/2024
February 21, 2024: Introduced 02/21/2024 and Referred to Ways and Means
April 10, 2024: Hearing: 04/10/2024, Room 100, SH, 09:45 am
May 2, 2024: Committee Report: Ought to Pass, 05/02/2024; Vote 5-0; CC
May 2, 2024: Ought to Pass: MA, VV; Refer to Finance Rule 4-5; 05/02/2024
May 22, 2024: Committee Report: Referred to Interim Study, 05/22/2024, Vote 6-0
May 22, 2024: Refer to Interim Study, MA, VV; 05/22/2024

Laws It Would Change

RSA 77-A:4