diff --git a/build.gradle b/build.gradle
index 4cded902540..05639ee4211 100644
--- a/build.gradle
+++ b/build.gradle
@@ -16,7 +16,7 @@ allprojects {
 
 subprojects {
     group = 'org.megamek'
-    version = '0.49.6'
+    version = '0.49.7-SNAPSHOT'
 }
 
 ext {
diff --git a/megamek/docs/history.txt b/megamek/docs/history.txt
index d42c0486d48..0992d4deb51 100644
--- a/megamek/docs/history.txt
+++ b/megamek/docs/history.txt
@@ -1,5 +1,7 @@
 VERSION HISTORY:
 ----------------
+0.49.7-SNAPSHOT
+
 0.49.6 (2021-12-31 2200 UTC)
 + Issue #2917: Missing Water Tile Hexes in Nightly Builds
 + Issue #3156: Use More Reliable Technique to Report the Attacker
diff --git a/megamek/src/megamek/SuiteConstants.java b/megamek/src/megamek/SuiteConstants.java
index d775b3dfda4..0a7c0d2db88 100644
--- a/megamek/src/megamek/SuiteConstants.java
+++ b/megamek/src/megamek/SuiteConstants.java
@@ -23,7 +23,7 @@
  */
 public abstract class SuiteConstants {
     //region General Constants
-    public static final Version VERSION = new Version("0.49.6");
+    public static final Version VERSION = new Version("0.49.7-SNAPSHOT");
     public static final int MAXIMUM_D6_VALUE = 6;
     //endregion General Constants
 }