relative to economic revitalization zone tax credits.

Summary

The bill updates New Hampshire’s Economic Revitalization Zone (ERZ) tax credit program. It increases the total annual credit limit to $1 million and the maximum credit per taxpayer to $50,000, changes how often zones are re‑evaluated (every eight years), and tightens who can receive credits by barring foreign‑principal entities and excluding work or investment that occurred before the law takes effect. These changes aim to make the credit program more fiscally controlled while targeting it toward qualifying local businesses.

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