New Hampshire HB1194 allows insurers to credit assessments against tax liability and modifies criminal gambling statutes.

New Hampshire HB1194 amends tax laws to allow insurers to offset assessments against their tax liability for certain insurance accounts. Insurers can credit assessments for life insurance, annuity accounts, and health accounts for disability income coverages. Credits are limited to 20% of the assessment amount for five years or 10% for ten years, depending on the account type. The bill also modifies criminal gambling statutes to clarify that conducting a sports book or participating in sports wagering is not a gambling offense.

New Hampshire HB1194 allows insurers to credit assessments against tax liability and modifies criminal gambling statutes.

New Hampshire HB1194 amends tax laws to allow insurers to offset assessments against their tax liability for certain insurance accounts. Insurers can credit assessments for life insurance, annuity accounts, and health accounts for disability income coverages. Credits are limited to 20% of the assessment amount for five years or 10% for ten years, depending on the account type. The bill also modifies criminal gambling statutes to clarify that conducting a sports book or participating in sports wagering is not a gambling offense.