New Hampshire SB404 amends economic revitalization zone tax credit rules, including credit limits, carryforward provisions, and eligibility criteria.

New Hampshire SB404 amends the economic revitalization zone tax credit program by setting new limits on the total credits issued and the maximum credit per taxpayer at $50,000. It allows unused credits to be carried forward for up to four years. The bill also mandates an evaluation of economic revitalization zones every eight years and removes zones that fail to meet criteria. Additionally, it introduces new eligibility criteria for tax credits, including wage thresholds and restrictions on certain entities. The changes take effect on July 1, 2027.

New Hampshire SB404 amends economic revitalization zone tax credit rules, including credit limits, carryforward provisions, and eligibility criteria.

New Hampshire SB404 amends the economic revitalization zone tax credit program by setting new limits on the total credits issued and the maximum credit per taxpayer at $50,000. It allows unused credits to be carried forward for up to four years. The bill also mandates an evaluation of economic revitalization zones every eight years and removes zones that fail to meet criteria. Additionally, it introduces new eligibility criteria for tax credits, including wage thresholds and restrictions on certain entities. The changes take effect on July 1, 2027.