Establishes a tax credit program for employers offering health reimbursement arrangements.

New Hampshire SB635 creates a tax credit program for employers who offer health reimbursement arrangements instead of traditional health insurance. Employers can claim a credit for qualified contributions up to $400 per employee in the first year and $200 in the second year. The credit cannot exceed $20,000 in the first year or $10,000 in the second year per qualifying taxpayer. The bill also includes provisions for the Department of Revenue Administration to implement the program and sets an effective date of July 1, 2026.

Establishes a tax credit program for employers offering health reimbursement arrangements.

New Hampshire SB635 creates a tax credit program for employers who offer health reimbursement arrangements instead of traditional health insurance. Employers can claim a credit for qualified contributions up to $400 per employee in the first year and $200 in the second year. The credit cannot exceed $20,000 in the first year or $10,000 in the second year per qualifying taxpayer. The bill also includes provisions for the Department of Revenue Administration to implement the program and sets an effective date of July 1, 2026.