New Hampshire R&D Tax Credit Summary

R&D Tax Credit Available:

Yes


Eligible Entities:

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing:

Application due by 6/30


Data Required to Compute Credit:

  • Claim Period Qualified R&D Federal Wages
  • Claim Period Qualified R&D NH Wages

Credit Carryforward:

5 years


R&D Credit Summary:

The New Hampshire research credit equals 10% of qualified research and development expenditures and can not exceed $50,000


Special Notes:

  • Effective July 1, 2017, the New Hampshire Legislation increased the award to $7,000,000 to fund the research and development credit program.
  • The business organization may take the credit awarded by the Department against business taxes due within the subsequent five taxable periods following the taxable period during which the qualified manufacturing research and development expenditures occurred, by attaching a copy of the R&D Award Letter to its business tax return.
  • The credit is first applied against the Business Profits Tax. Any remainder may be applied against the Business Enterprise Tax.
Research Tax Credit
Important Links and Forms

NH DORA
NH Tax Credit Application

Contact Us for a No-Cost Assessment of your Federal and State Research Credit Estimate

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