Economic Revitalization Zone Credit

Businesses that create at least one net new full-time job and make capital improvements may be eligible for an economic revitalization zone (ERZ Credit) tax credit against the Business Profits Tax (BPT) and or the Business Enterprise Tax (BET). The actual credit amount is based on capital investment, number of new jobs created, and the salary level of the new jobs. To qualify, a business must locate in qualifying areas that have been certified as Economic Revitalization Zones. Tax credits are non-refundable and non-transferable. Credits must first be applied against the Business Profits Tax (BPT) with any remaining credit applied against the Business Enterprise Tax (BET). Unused credits may be carried forward for up to five years. The State of New Hampshire has designated $825,000 statewide, per year, to be made available for ERZ tax credits.

Frequently Asked Questions: https://www.nheconomy.com/getmedia/ba3827c8-c746-4f01-a760-02de18233007/FAQs-for-Businesses-2020.pdf

Application: https://www.nheconomy.com/getmedia/4b7dfc2a-8eea-4e43-9049-9f4d9867793d/ERZ-2-Revised-Dec-2022.doc