Allows net operating losses to be carried forward indefinitely following a loss year in New Hampshire.

New Hampshire HB1599 amends the state's tax code to allow net operating losses to be carried forward indefinitely, removing the previous 10-year limit. This change aligns state law with federal provisions, providing businesses with more flexibility in managing their tax liabilities. The amendment takes effect 60 days after the bill's passage.

Allows net operating losses to be carried forward indefinitely following a loss year in New Hampshire.

New Hampshire HB1599 amends the state's tax code to allow net operating losses to be carried forward indefinitely, removing the previous 10-year limit. This change aligns state law with federal provisions, providing businesses with more flexibility in managing their tax liabilities. The amendment takes effect 60 days after the bill's passage.