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RSA 162-L:10 · New Investment Tax Credit
162-L:10 New Investment Tax Credit. –
Copy linkAn investment tax credit equal to 75 percent of the contribution made to the authority during the contributor's tax year shall be allowed against any of the following individually or in combination:
Copy linkCredits provided by this section applied against the liabilities imposed by RSA 400-A and RSA 77-E shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III and X, respectively.
Copy linkThe credit or any unused portion thereof may be carried forward for no more than 5 succeeding years, but shall not exceed $1,000,000 in any given tax year.
Copy link(a) The credit provided by this section shall be available to contributors on or after contributions for which credit is to be taken are actually received by the authority.
Copy linkContributions received by the authority for which credit is to be taken shall not exceed $5,000,000 in any state fiscal year. Contributions received by the authority in excess of $5,000,000 in any state fiscal year shall not be eligible for credit in such fiscal year but may be carried forward to the next succeeding fiscal year or years and shall be given priority in determining the total contributions eligible for credit in such fiscal year.
Copy linkEstimated tax payments under RSA 400-A:32 due and payable after the date of contribution to the authority may be reduced by the credit allowable under this section. Source. 1998, 338:3, eff. July 1, 1999. Community Development Block Grant Program
Copy linkSource note
Source. 1998, 338:3, eff. July 1, 1999. Community Development Block Grant Program
Source history
- 1998, 338:3, eff. July 1, 1999. Community Development Block Grant Program
Related materials
Bill relationships
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2026 HB1546
reference · effective 2027-01-01
llows: 71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; [the research and development tax credit under RSA 77-A:5, XIII;] the Coos county job creation tax credit under RSA 77-E:3-c; the education tax cr
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2026 HB1546-FN
reference · effective 2027-01-01
llows: 71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; [the research and development tax credit under RSA 77-A:5, XIII;] the Coos county job creation tax credit under RSA 77-E:3-c; the education tax cr
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2026 HB1629
reference · effective 2027-07-01
ollows: 71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; [the Coos county job creation tax credit under RSA 77-E:3-c;] the education tax cr
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2026 HB1629-FN
reference · effective 2027-07-01
ollows: 71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; [the Coos county job creation tax credit under RSA 77-E:3-c;] the education tax cr