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RSA 162-N:7 · [RSA 162-N:7 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:7 Application of Economic Revitalization Zone Tax Credit

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Status: repealed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[RSA 162-N:7 repealed by 2007, 263:123, I, effective January 1, 2028.] 162-N:7 Application of Economic Revitalization Zone Tax Credit. – The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of $40,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A or RSA 77-E for 5 taxable periods from the taxable period in which the tax was paid. For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E. Source. 2003, 301:2. 2007, 263:120. 2008, 58:2, eff. July 1, 2008.

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Source note

Source. 2003, 301:2. 2007, 263:120. 2008, 58:2, eff. July 1, 2008.

Source history

2003, 301:2
2007, 263:120
2008, 58:2, eff. July 1, 2008

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 amend · effective 2027-01-01
indirect tax on income under state law. 20 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows: 162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the [business profits tax under RSA 77-A, and any unused portio
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 amend · effective 2027-01-01
indirect tax on income under state law. 20 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows: 162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the [business profits tax under RSA 77-A, and any unused portio
2026 HB1629 amend · effective 2027-07-01
of RSA 77-A:5, III [and X, respectively]. 16 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows: 162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A[, and any unused portio
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 amend · effective 2027-07-01
of RSA 77-A:5, III [and X, respectively]. 16 Public Safety and Welfare; Economic Revitalization Zone Tax Credits; Application of Economic Revitalization Zone Tax Credit. Amend RSA 162-N:7 to read as follows: 162-N:7 Application of Economic Revitalization Zone Tax Credit. The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A[, and any unused portio
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
$1,000,000 that is not claimed in the [calendar] fiscal year may be issued in the next [calendar year] 2 fiscal 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,
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
$1,000,000 that is not claimed in the [calendar] fiscal year may be issued in the next [calendar year] 2 fiscal 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,