TAX CREDITS
Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Program: Provides qualifying new and existing businesses tax incentives for projects that meet certain state economic objectives, such as stimulating economic redevelopment, expanding the commercial and industrial base, creating new jobs, reducing sprawl, and increasing tax revenue. The tax credit can be used against the Business Profits Tax and Business Enterprise Tax for up to 100% of the investment.
TRAINING PROGRAMS
Job Training Fund: Private businesses located in New Hampshire and businesses intending to locate in the State, and who elect to pay into the unemployment trust fund are eligible for the Job Training Fund. Training programs may include, but shall not be limited to: structured, on-site laboratory or classroom training; basic skills; technical skills; quality improvement; safety; management and supervision; English as a Second Language. Training funds are distributed on a cost-reimbursement basis. A minimum 1:1 cashmatch is required.
SPECIAL ZONING
Coos County Job Creation Tax Credit: The credit is granted to businesses for each new, full-time, year round employee hired in Coos County for which actual wages paid, including the amount paid by the employer for medical and dental benefits, equals or exceeds 150% of the current state minimum wage. The amount of the credit is based upon the proportion that the wage for the new employee exceeds the minimum wage. If the proportion of the wage for the new employee is equal to or greater than 150% of the minimum wage but not less than 200% of the minimum wage, the amount of the credit shall be $750. If the proportion of the wage for the new employee is equal to or greater than 200% of the minimum wage, the amount of the credit shall be $1,000.00.
