In an effort to encourage revitalization and create jobs, Communities and employers may take advantage of New Hampshire's Economic Revitalization Zone Tax Credits (EZ Tax Credit) Program (Formally CROP Zone) 

The Economic Revitalization Zone Tax Credits (EZ Tax Credit) Program is a new incentive for businesses to create new jobs.

With the Economic Revitalization Zone Tax Credits (EZ Tax Credit) Program you may be eligible for tax credits to be used against your Business Profit Tax and Business Enterprise Tax in a qualifying Economic Revitalization Zone Tax Credits (EZ Tax Credit) Program project.

• Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Approved Economic Revitalization Zones in New Hampshire (Formally CROP Zone)
• Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Program Overview (Formally CROP Zone)
• Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Program Frequently Asked Questions (FAQ's) (Formally CROP Zone)
• Rules for the Economic Revitalization Zone Tax Credits (ERZ Tax Credits) Business Tax Credit Program (Formally CROP Zone)
• Examples of Economic Revitalization Zone Tax Credits (ERZ Tax Credits) Calculations (Formally CROP Zone)
• Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Town/City Designation Application (ERZ-1) (Formally CROP Zone)
• Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Business Tax Credit Application (ERZ-2) (Formally CROP Zone)

Research and Development Credit
During the 2007 session, the Legislature enacted a research and development credit against business taxes paid to the state of New Hampshire.  Under the 2007 Laws of New Hampshire, Chap. 271, the Legislature has designated $1,000,000 for each of the next 5 fiscal years to be available to fund the credit.  

Business organizations that have expenditures made during the fiscal year for qualified manufacturing research and development.  "Qualified manufacturing research and development" expenditures are wages paid to employees of the business organization for services rendered in New Hampshire which qualify and are reported as a credit by the business organization under section 41 of the Internal Revenue Code. More specifically, "qualified manufacturing research and development" expenditures are the wage amounts attributable to New Hampshire that make up lines 5, 24, or 49 of the business organization’s Federal Form 6765.  For FAQ's on the R&D tax credit, please click here...

For more information on the R&D Tax Credit please contact the:
NH Department of Revenue Administration
45 Chenell Drive 
Concord, New Hampshire 03301
Phone: 603-271-2191 ~ Fax: 603-271-6121 ~ TDD Access Relay NH: 1-800-735-2964
or visit their web site for FAQ’s, Laws, forms, and other useful business links at http://www.nh.gov/revenue/faq/dra_165.htm

Low Interest Loan Program Based on New Jobs
The State of New Hampshire offers a low interest loan program through Citizens Bank that provides financing from $250,000 to $10 million. The loan is based on creating new jobs in New Hampshire. For every new job created, $40,000 can be allocated towards a loan for investments in machinery, equipment and buildings. The interest rate is offered at 5.50%. The specified jobs must be created within three years after the funds are borrowed.

Energy Efficiency Loans
In cooperation with Ocean Bank, New Hampshire offers a low interest loan (1% below prime) for the purchase of new energy efficient equipment. The state also offers free site visits to determine a strategy for improving energy efficiency; Free industrial assessments to eligible small and medium-sized manufacturing plants; Research connections with university faculty for energy related projects; Educational venues including workshops on industrial technologies developed and taught by US DOE Best Practices professionals; and links to potential grants and rebate programs from utilities and Federal programs. 

Job Training Fund
Talent development is a major component of New Hampshire's economic vitality, and businesses large and small realize the importance of a skilled and educated workforce.

That's why the New Hampshire Job Training Fund was created, and we hope your company is able to take advantage of this matching grant program designed to enhance worker skills and help you stay competitive in the global marketplace.

A minimum of 50 percent cash match is required. Ineligible matching funds include salaries, wages bonuses and benefits of employees in training; in-kind contributions; administrative or entertainment expenses; and costs resulting from violations of, or failure to comply with federal, state or local laws and regulations. For a fact sheet, please click here...

Coos County Job Creation Tax Credit
During the 2008 session, the Legislature enacted a Coos County Job Creation Tax Credit against business taxes paid to the state of New Hampshire. The credit is granted to businesses for each new, full time, year-round employee hired in Coos County for which actual wages paid, including the amount paid by the employer for medical and dental benefits, equals or exceeds 150 percent of the current state minimum wage ($6.50 through July 23, 2008, the state hourly rate between July 24, 2008 and August 31, 2008 is $6.55 and on or after September 1, 2008 the rate increases to $7.25). The amount of the credit is based upon the proportion that the wage for the new employee exceeds the minimum wage.  If the proportion of the wage for the new employee is equal to or greater than 150% of the minimum wage but not less than 200% of the minimum wage, the amount of the credit shall be $750.  If the proportion of the wage for the new employee is equal to or greater than 200% of the minimum wage, the amount of the credit shall be $1,000.00.

For an application please click here.
For FAQ's please click here.

For additional information please visit: http://www.nh.gov/revenue

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