This bill establishes a study committee tasked with examining ways to enhance the usefulness of fiscal notes, which are essential for understanding the financial implications of proposed legislation. The committee will consist of five members from the House of Representatives and three members from the Senate, with specific appointments from finance and ways and means committees, as well as additional members appointed by the Speaker and Senate President. Members will receive mileage compensation for their duties. The committee's responsibilities include reviewing current statutory requirements for fiscal notes, recommending changes to what fiscal notes should include, and evaluating the adequacy of resources available to the Office of Legislative Budget Assistant and state agencies for preparing these notes.

The bill also outlines specific areas for the committee to investigate, such as the feasibility of including economic benefits in fiscal notes, potential adjustments to the $10,000 threshold for fiscal impact, and the current guidelines for preparing fiscal notes. The committee is required to report its findings and recommendations for proposed legislation by September 1, 2026. The act will take effect upon passage, and it aims to ensure that members of the New Hampshire General Court can effectively fulfill their constitutional duty to enact beneficial laws for the state and its citizens.