Section Rev 2406.04 - Economic Revitalization Zone Tax Credits(a) Economic revitalization zone tax credits, pursuant to RSA 162-N:7, may be allowed as a credit against either: (1) The business profits tax liability; or(2) The business enterprise tax liability.(b) Economic revitalization zone tax credits applied first against the business profits tax shall not be available as a credit against the business enterprise tax.(c) Economic revitalization zone tax credits applied first against the business enterprise tax shall: (1) Be considered business enterprise tax paid; and(2) Not be available as a credit against the business profits tax, except to the extent it is a credit against the business enterprise tax.(d) In addition to the filing requirements under Rev 2407.02, a copy of the following documents shall be attached to the business enterprise tax return: (1) The authorization letter from the New Hampshire department of resources and economic development awarding the credit; andN.H. Admin. Code § Rev 2406.04
Amended by Volume XXXVI Number 06, Filed February 11, 2016, Proposed by #11032, Effective 1/29/2016, Expires 1/29/2026.