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 306.07 - Education Tax Credit

(a) A business organization or business enterprise approved for the education tax credit under RSA 77-G and Rev 3203.03 shall be allowed a credit against its business profits tax liability in the amount reported on the Form ED-04, "Education Tax Credit Scholarship Receipt."

(b) Any amount of the education tax credit applied against the business enterprise tax liability shall not be considered taxes paid pursuant to RSA 77-E for purposes of a credit against the business profits tax liability in accordance with RSA 77-A:5, X.

(c) Any unused education tax credit not applied against the business enterprise tax liability may be used against the business profits tax liability.

(d) Any education tax credit not utilized to offset the business enterprise tax liability or business profits tax liability incurred for the same tax year for which the credit was granted cannot be carried forward.

(e) A copy of Form ED-04, education tax credit scholarship receipt, as required under Rev 3204.02(c), shall be attached to the tax return.