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RSA 162-N:5 · [RSA 162-N:5 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:5 Limit on Total Economic Revitalization Zone Credits

Title: XII: PUBLIC SAFETY AND WELFARE
Chapter: 162-N · ECONOMIC REVITALIZATION ZONE TAX CREDITS
Status: repealed
Official source linked: Yes

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[RSA 162-N:5 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:5 Limit on Total Economic Revitalization Zone Credits. – The aggregate of tax credits issued by the commissioner of economic and business affairs to all taxpayers claiming the credit shall not exceed $825,000 for any calendar year, except that any amount of the credit less than $825,000 that is not claimed in the calendar year may be issued in the next calendar year and in following years. Amounts carried forward pursuant to RSA 162-N:7 shall not be counted against this limit in any year in which they are applied. Notwithstanding RSA 162-N:6, the maximum credit which may be utilized by a taxpayer in any calendar year shall not exceed $40,000. In the case in which the aggregate credits requested during the calendar year exceed the amount available, each taxpayer shall receive a credit for the proportional share of the maximum aggregate credit amount. Source. 2003, 301:2. 2007, 263:120. 2008, 58:1. 2010, 311:4, eff. July 13, 2010. 2014, 139:2, eff. Aug. 15, 2014. 2017, 156:14, II, eff. July 1, 2017.

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Source note

Source. 2003, 301:2. 2007, 263:120. 2008, 58:1. 2010, 311:4, eff. July 13, 2010. 2014, 139:2, eff. Aug. 15, 2014. 2017, 156:14, II, eff. July 1, 2017.

Source history

2003, 301:2
2007, 263:120
2008, 58:1
2010, 311:4, eff. July 13, 2010
2014, 139:2, eff. Aug. 15, 2014
2017, 156:14, II, eff. July 1, 2017

Related materials

Bill relationships

2026 HB1546 related · effective 2027-01-01
in combination with business enterprise tax credits. XI. RSA 162-L:10, II, relative to new investment tax credit made in combination with business enterprise tax credits. XII. RSA 162-N:5, relative to limits on total economic revitalization zone tax credits. XIII. RSA 162-P:1, relative to the research and development tax credit program report. XIV. RSA 188-E:9-a, IV, relative to tax credits for donat
2026 HB1546 reference · effective 2027-01-01
dits. For purposes of determination [of business profits tax credits under RSA 77-A,] Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a
2026 HB1546-FN reference · effective 2027-01-01
dits. For purposes of determination [of business profits tax credits under RSA 77-A,] Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a
2026 HB1546-FN related · effective 2027-01-01
in combination with business enterprise tax credits. XI. RSA 162-L:10, II, relative to new investment tax credit made in combination with business enterprise tax credits. XII. RSA 162-N:5, relative to limits on total economic revitalization zone tax credits. XIII. RSA 162-P:1, relative to the research and development tax credit program report. XIV. RSA 188-E:9-a, IV, relative to tax credits for donat
2026 HB1629 reference · effective 2027-07-01
redits. [For purposes of determination of business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a
2026 HB1629-FN reference · effective 2027-07-01
redits. [For purposes of determination of business profits tax credits under RSA 77-A, Coos county job creation credits under RSA 162-Q, economic revitalization zone credits under RSA 162-N, or any other available statutory tax credits provided by this state that are based on employment, leased employees shall be deemed employees solely of the client company if an election is made pursuant to RSA 77-E:13-a
2026 SB404 amend
existing economic revitalization zones continue to meet the criteria of RSA 162-N:2.] 3 New Sections; Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N by inserting after section 9 the following new sections: 162-N:10 Ineligible Entities. An employer or taxpayer who is a “foreign principal,” whose business entity’s origin, place of incorporation, or parent company
2026 SB404 amend
t the criteria in RSA 162-N:2, its designation as an economic revitalization zone shall be removed. 2 Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N:5 through 8 to read as follows: 162-N:5 Limit on Total Economic Revitalization Zone Credits. The aggregate of tax credits issued by the commissioner of [economic and business affairs] business and economic affairs to a
2026 SB404-FN amend
existing economic revitalization zones continue to meet the criteria of RSA 162-N:2.] 3 New Sections; Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N by inserting after section 9 the following new sections: 162-N:10 Ineligible Entities. An employer or taxpayer who is a “foreign principal,” whose business entity’s origin, place of incorporation, or parent company
2026 SB404-FN amend
t the criteria in RSA 162-N:2, its designation as an economic revitalization zone shall be removed. 2 Public Safety and Welfare; Economic Revitalization Zone Tax Credits. Amend RSA 162-N:5 through 8 to read as follows: 162-N:5 Limit on Total Economic Revitalization Zone Credits. The aggregate of tax credits issued by the commissioner of [economic and business affairs] business and economic affairs to a