SB637

New Hampshire SB637 creates a tax credit for grocery stores purchasing from local farms.

New Hampshire SB637, known as the "Eat Local Act," establishes a tax credit for grocery stores that purchase at least 10% of their annual product inventory from registered New Hampshire farms and reduce the sale price of these items by 10%. The credit is equal to 10% of the grocery store's purchases from these farms. The Department of Business and Economic Affairs will maintain a voluntary registry of participating farms.