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RSA 162-N:6 · [RSA 162-N:6 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:6 Determination of Economic Revitalization Zone Tax Credits Eligible Amount

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Status: repealed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[RSA 162-N:6 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:6 Determination of Economic Revitalization Zone Tax Credits Eligible Amount. – For the purpose of determining the economic revitalization zone tax credit that the taxpayer is eligible to receive, the amount of the credit to be taken shall be the sum of the following:

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4 percent of the salary for each new full-time job created in the calendar year with a wage less than or equal to 1.75 times the then current state minimum wage.

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II.

5 percent of the salary for each new full-time job created in the calendar year with a wage greater than 1.75 times the then current state minimum wage and less than or equal to 2.5 times the then current state minimum wage.

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III.

6 percent of the salary for each new full-time job created in the calendar year with a wage greater than 2.5 times the then current state minimum wage.

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IV.

4 percent of the lesser of the following:

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(a)

The actual cost incurred in the calendar year of creating a new facility or renovating an existing facility, and expenditures for machinery, equipment, or other materials, except inventory.

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(b)

$20,000 for each new full-time job created in the calendar year. Source. 2003, 301:2. 2007, 263:120. 2010, 311:5, eff. July 13, 2010. 2015, 265:5, eff. July 1, 2015. 2020, 38:5, eff. July 1, 2020.

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Source note

Source. 2003, 301:2. 2007, 263:120. 2010, 311:5, eff. July 13, 2010. 2015, 265:5, eff. July 1, 2015. 2020, 38:5, eff. July 1, 2020.

Source history

2003, 301:2
2007, 263:120
2010, 311:5, eff. July 13, 2010
2015, 265:5, eff. July 1, 2015
2020, 38:5, eff. July 1, 2020

Related materials

Bill relationships

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 reference · effective 2027-01-01
ut 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 credit as computed in RSA 77-G:4; the regional career and technical educat
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 reference · effective 2027-01-01
ut 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 credit as computed in RSA 77-G:4; the regional career and technical educat
2026 HB1629 reference · effective 2027-07-01
ut 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 credit as computed in RSA 77-G:4; the regional career and technical educat
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 HB1629-FN reference · effective 2027-07-01
ut 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 credit as computed in RSA 77-G:4; the regional career and technical educat
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 reference
scal years [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] any fiscal year shall not exceed [$40,000] $50,000. In the case in which the aggregate credits requested during the calendar year exceed the amou
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 reference
scal years [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] any fiscal year shall not exceed [$40,000] $50,000. In the case in which the aggregate credits requested during the calendar year exceed the amou