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New Hampshire Research and Development Tax Credit

New Hampshire Department of Revenue Administration (NH DRA)NH-RD-CREDIT
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Hampshire

About This Program

Business profits and business enterprise tax credits for NH companies conducting qualifying R&D in New Hampshire. Credit equals 10% of qualifying R&D expenditures up to $50,000, and nonrefundable excess credits carry forward 5 years. Total annual credits available: $7 million statewide.

Key Requirements & Eligibility

  • 1R&D must be conducted in New Hampshire
  • 2Qualifying expenses meet federal IRC Section 41 criteria
  • 3Credit: 10% of qualifying R&D expenditures
  • 4Max credit: $50,000 per company per year
  • 5Annual statewide cap: $7 million — credits allocated pro-rata if oversubscribed

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

Research & DevelopmentTechnologyManufacturing
Official Source