State program
New Hampshire Research and Development Tax Credit
A capped credit applied against the state's business profits and business enterprise taxes.
Program overview
New Hampshire awards its research credit on qualified manufacturing research and development wages, subject to both a per-business annual cap and an aggregate statewide cap. Applications are due by the end of June for expenses in the prior fiscal year, and if total requests exceed the statewide allocation the awards are prorated. The credit is first applied against the business enterprise tax, with any remainder applied against the business profits tax.
Eligibility
Business organisations with qualified manufacturing research and development expenditures in New Hampshire, filing an application by the annual June deadline.
Benefits
Non-refundable credit applied against business enterprise tax first, then business profits tax.
Find out what your research actually qualifies for
A scoping conversation takes thirty minutes and costs nothing. You leave with a view on eligibility, likely credit range and the documentation you would need.