Section Res 2504.05 - Acceptable CROP Zone ProjectsTax credit certification may be given by the commissioner for a project that expands the commercial or industrial base of the state, creates new jobs in the state, and meets at least one of the following criteria:
(a) Creates a facility which is determined to entail significant investment in real and/or personal property, other than inventory at a location where the business has not previously operated, such as doubling of pre-facility assessed value;(b) Makes expenditures to add buildings, machinery, equipment, or other materials, except inventory, to a facility that equal at least 50 percent of the market value of the facility prior to such expenditures, as determined for the purposes of local property taxation;(c) Makes expenditures to alter or repair a facility that equal at least 50 percent of the market value of the facility prior to such expenditures, as determined for the purposes of local property taxation; or(d) Makes expenditures to alter or repair a vacant facility equal to at least 20 percent of the market value of the facility prior to such expenditures, as determined for the purposes of local property taxation.N.H. Admin. Code § Res 2504.05