HB 1194 (2026)
Modify how insurance companies can claim tax credits for assessments
This bill is still active.
Modifies how insurance companies can claim tax credits for assessments paid to the NH Life and Health Insurance Guaranty Association (NHLHIGA). In particular, this bill allows member insurers to offset assessments paid to the Life and Health Insurance Guaranty Association against their premium tax liability at a rate of 20% per year for five years, subject to a $10 million annual aggregate cap that triggers a reduction to 10%. According to the NH Insurance Department, the intent of this bill is to to limit large, unpredictable revenue losses in years with high NHLHIGA assessments.
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