New Hampshire legislation · 2026 Regular Session
New Hampshire HB1599: allowing net operating losses to be carried forward in perpetuity following a loss year.
Status: In committee, October 12, 2026
What the bill says
An act allowing net operating losses to be carried forward in perpetuity following a loss year. Rep. Aures, Merr. 13; Rep. Ulery, Hills. 13; Sen. Abbas, Dist 22; Sen. Lang, Dist 2 COMMITTEE: Ways and Means ----------------------------------------------------------------- ANALYSIS This bill removes the 10 year limitation on net operation loss deductions. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Explanation: Matter added to current law appears in bold italics. Matter removed from current.
From the introduced text, January 7, 2026:
AN ACT allowing net operating losses to be carried forward in perpetuity following a loss year. Rep. Aures, Merr. 13; Rep. Ulery, Hills. 13; Sen. Abbas, Dist 22; Sen. Lang, Dist 2 COMMITTEE: Ways and Means ----------------------------------------------------------------- ANALYSIS This bill removes the 10 year limitation on net operation loss deductions. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 Matter which is either (a) all new or (b) repealed and reenacted appears in regular type. 26-3187 04/09 STATE OF NEW HAMPSHIRE In the Year of Our Lord Two Thousand Twenty-Six AN ACT allowing net operating losses to be carried forward in perpetuity following a loss year. XIII. A deduction for the amount of the net operating loss carryover determined under section 172 of the United States Internal Revenue Code apportioned in the year incurred …
Sponsors
- John Janigian (R, 25) · primary sponsor
- Cyril Aures (R, 13)