State Program
New Hampshire Research and Development Tax Credit
A capped credit applied against New Hampshire's business profits and business enterprise taxes.
Program Overview
New Hampshire provides a research and development credit based on qualifying manufacturing research and development wages incurred in New Hampshire, subject to a per-business annual cap and an aggregate statewide cap. Applications are generally due by the applicable June deadline for qualifying expenses from the prior fiscal year. If total credit requests exceed the statewide allocation, available credits are prorated among eligible applicants. The credit is first applied against the business enterprise tax, with any remaining credit applied against the business profits tax.
Eligibility
- Business organizations with qualifying manufacturing research and development expenditures in New Hampshire may qualify.
- Applicants must submit the required application by the applicable annual deadline.
- Qualifying expenses must meet the applicable New Hampshire research and development credit requirements.
Benefits
- Non-refundable credit applied against New Hampshire business enterprise tax.
- Any remaining credit may be applied against New Hampshire business profits tax.
- Credit is subject to applicable per-business and statewide annual caps.
- If total applications exceed the statewide allocation, credits may be prorated among eligible applicants.
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