RSA 162-L:10 New Investment Tax Credit.
Title: XII - PUBLIC SAFETY AND WELFARE
Chapter: 162-L - COMMUNITY DEVELOPMENT FINANCE AUTHORITY
I. An investment tax credit equal to 75 percent of the contribution made to the authority during the contributor's tax year shall be allowed against any of the following individually or in combination:
(a) Taxes imposed by RSA 77-A.
(b) Taxes imposed by RSA 400-A.
(c) Taxes imposed by RSA 77-E.
II. Credits provided by this section applied against the liabilities imposed by RSA 400-A and RSA 77-E shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III and X, respectively.
III. The credit or any unused portion thereof may be carried forward for no more than 5 succeeding years, but shall not exceed $1,000,000 in any given tax year.
IV. (a) The credit provided by this section shall be available to contributors on or after contributions for