New Hampshire R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

New Hampshire

NAME

Research and Development Tax Credit

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

Credits are available to business organizations that have expenditures made during the fiscal year and subject to Business Profits Tax.

DESCRIPTION

Refundable credit with similar definition to federal, except only include New Hampshire-based wage expenses.

PERCENTAGE

10% on qualified New Hampshire wage expenses, not to exceed 50,000.