New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 306 - CREDITS ALLOWABLE AGAINST TAX LIABILITY
Section Rev 306.02 - Community Development Finance Authority Investment Tax Credit
Universal Citation: NH Admin Rules Rev 306.02
Current through Register No. 13, March 27, 2025
(a) A business organization qualified for the credit under RSA 162-L:10 shall be allowed a credit against its business profit tax liability for the amount available based on its contributions.
(b) Any amount of the investment tax credit applied first against the business enterprise tax shall be considered:
(1) Business enterprise
tax paid; and
(2) Not available as
a credit against the business profits tax except to the extent that it is a
credit against the business enterprise tax.
(c) A copy of the credit awarded from the New Hampshire community development finance authority shall be attached to the tax return.
#4192, eff 12-23-86; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
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