New Hampshire HB1420 creates a temporary tax credit for local newspaper advertisement expenses.

New Hampshire HB1420 introduces a temporary tax credit for small businesses and local media entities that incur advertising expenses with local newspapers, broadcast media businesses, or nonprofit organizations. Eligible businesses can claim a credit equal to 80% of their qualified local media advertising expenses, up to $3,000 per year. The total annual credit available is capped at $5,000,000. The credit applies to tax years beginning on or after January 1, 2027, with specific provisions taking effect on January 1, 2030.

New Hampshire HB1420 creates a temporary tax credit for local newspaper advertisement expenses.

New Hampshire HB1420 introduces a temporary tax credit for small businesses and local media entities that incur advertising expenses with local newspapers, broadcast media businesses, or nonprofit organizations. Eligible businesses can claim a credit equal to 80% of their qualified local media advertising expenses, up to $3,000 per year. The total annual credit available is capped at $5,000,000. The credit applies to tax years beginning on or after January 1, 2027, with specific provisions taking effect on January 1, 2030.