N.H. Rev. Stat. § 162-N:7

Current through Chapter 381 of the 2024 Legislative Session

Section 162-N:7 - [Repealed effective 1/1/2028] Application of Economic Revitalization Zone Tax Credit

The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of $40,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A or RSA 77-E for 5 taxable periods from the taxable period in which the tax was paid. For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E.

RSA 162-N:7

Amended by 2020 , 38: 6, eff. 6/30/2020.

Amended by 2017 , 156: 14, eff. 7/1/2017.

Repeal date amended by 2014 , 139: 1, eff. 8/15/2014 but later changed to 1/1/2028.

2003, 301 : 2 . 2007, 263 : 120 . 2008, 58 : 2 , eff. July 1, 2008.