New Hampshire HB1433 establishes a tax credit for businesses creating or expanding child care programs.

New Hampshire HB1433 introduces a tax credit for businesses that create or expand child care programs. Eligible businesses can claim a credit equal to 50% of their expenditures for acquiring, constructing, or expanding child care facilities, or for operational costs in the first two years. The credit applies to business profits and enterprise taxes. Unused credits can be carried forward for four years. The Department of Revenue Administration will administer the credit, with applications approved or denied within 60 days.

New Hampshire HB1433 establishes a tax credit for businesses creating or expanding child care programs.

New Hampshire HB1433 introduces a tax credit for businesses that create or expand child care programs. Eligible businesses can claim a credit equal to 50% of their expenditures for acquiring, constructing, or expanding child care facilities, or for operational costs in the first two years. The credit applies to business profits and enterprise taxes. Unused credits can be carried forward for four years. The Department of Revenue Administration will administer the credit, with applications approved or denied within 60 days.