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NH Business Review
R&D credit goes under the microscope in New Hampshire House hearing
Measure calls for cutting size of credit allowed to enable 50% increase in interest and dividends tax exemption
January 29, 2021
Both the New Hampshire Tech Alliance and the Business and Industry Association of New Hampshire came out against a bill that would substantially cut the state’s research and development tax credit.
House Bill 210, which would cut the current R&D credit pool ate from $7 million to $2 million, would make the state’s incentive to companies that pay above-average wages to locate and stay here a “laughingstock,” said Dave Juvet, senior vice president at the BIA.