SB637-FN: relative to certain tax credits for purchase from New Hampshire farms.

Related law links

RSA references from bill data

• 12-O · amend · effective 2026-07-01

  House of Representatives in General Court convened: 1 Short Title. This subdivision shall be known as the “Eat Local Act.” 2 New Subdivision; Local Farm Registry. Amend RSA 12-O by inserting after section 76 the following new subdivision: Local Farm Registry 12-O:77 Definitions. In this subdivision: I. “Department” means the department of business and economic affairs. II. “Registered far

• 12-O:78 · reference · effective 2026-07-01

  rage vending machines. (b) “Registered farm” means a farm located within the state of New Hampshire that is registered with the department of business and economic affairs under RSA 12-O:78. III. The amount of the credit shall be equal to 10 percent of the total amount paid by the grocery store to local farms for qualifying products during the taxable period. IV. The credit allowed under this section sh

• 541-A · amend · effective 2026-07-01

  by submitting an application to the department, which shall be made available online. 12-O:79 Rulemaking. The department of business and economic affairs shall make rules under RSA 541-A relative to the creation and maintenance of the voluntary farm registry. 3 New Section; Registered Farm Product Credit. Amend RSA 77-A by inserting after section 5-c the following new section: 77-A:5-d Registered

• 77-A · amend · effective 2026-07-01

  economic affairs shall make rules under RSA 541-A relative to the creation and maintenance of the voluntary farm registry. 3 New Section; Registered Farm Product Credit. Amend RSA 77-A by inserting after section 5-c the following new section: 77-A:5-d Registered Farm Product Tax Credit. I. A business organization subject to taxation under this chapter that operates a grocery store within the sta

• 77-A:5-C · reference · effective 2026-07-01

  s from which produce was purchased; (b) the total amount of qualifying purchases; (c) certification from each farm that it meets the definition of “registered farm” under proposed RSA 77-A:5-c, and (d) evidence that the products were sold at a 10 percent discount. The Department would be need to update its BPT return documents and electronic management system as well as develop a certification form for use b

• 77-A:6 · reference · effective 2026-07-01

  y unused portion of the credit may be carried forward for up to 5 consecutive taxable periods. V. A business organization claiming the credit shall submit, with its return under RSA 77-A:6, documentation as prescribed by the commissioner, including but not limited to: (a) A list of registered farms from which produce was purchased; (b) The total amount of qualifying purchases; (c) Certification fr

RSAs mentioned by this document

• RSA 12-O · DEPARTMENT OF BUSINESS AND ECONOMIC AFFAIRS
• RSA 77-A · BUSINESS PROFITS TAX
• RSA 541-A · ADMINISTRATIVE PROCEDURE ACT
• RSA 77-A:6 · Returns, Declarations, and Combined Reporting