1 New Section; Community Development Finance Authority; Technology Sector Marketing Tax Credits. Amend RSA 162-L by inserting after section 10 the following new section:

162-L:10-a Technology Sector Marketing Tax Credits.

I. A tax credit equal to 75 percent of the contribution made to the authority by an eligible business under paragraph IV during the business' tax year shall be allowed against any of the following individually or in combination:

(a) Taxes imposed by RSA 77-A.

(b) Taxes imposed by RSA 400-A.

(c) Taxes imposed by RSA 77-E.

II. Credits provided by this section applied against the liabilities imposed by RSA 400-A and RSA 77-E shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III and X, respectively.

III. The credit or any unused portion thereof may be carried forward for no more than 5 succeeding years, but the total amount of credits awarded by the authority shall not exceed $1,000,000 in any given tax year.

IV. The credit provided by this section shall be available to businesses chosen by the New Hampshire High Tech Council and certified to the authority as businesses that create employment for skilled and educated technology professionals to move to this state for a career in the technology sector. The availability of the credit shall be advertised as a targeted technology talent resource and marketing campaign that will position and promote New Hampshire as a viable and attractive place to work in the technology field.

2 Tax Expenditures; Reference Deleted. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the technology sector marketing tax credit under RSA 162-L:10-a; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; and the weighted apportionment factors under RSA 77-A:3, II(a).

3 Repeal; 2019. RSA 162-L:10-a, relative to the technology sector marketing tax credit, is repealed.

4 Tax Expenditures; Reference Deleted. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the technology sector marketing tax credit under RSA 162-L:10-a; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; and the weighted apportionment factors under RSA 77-A:3, II(a).

5 Effective Date.

I. Sections 3 and 4 of this act shall take effect July 1, 2019.

II. The remainder of this act shall take effect July 1, 2017.

1 New Section; Community Development Finance Authority; Technology Sector Marketing Tax Credits. Amend RSA 162-L by inserting after section 10 the following new section:

162-L:10-a Technology Sector Marketing Tax Credits.

I. A tax credit equal to 75 percent of the contribution made to the authority by an eligible business under paragraph IV during the business' tax year shall be allowed against any of the following individually or in combination:

(a) Taxes imposed by RSA 77-A.

(b) Taxes imposed by RSA 400-A.

(c) Taxes imposed by RSA 77-E.

II. Credits provided by this section applied against the liabilities imposed by RSA 400-A and RSA 77-E shall be deemed to be taxes paid for the purpose of RSA 77-A:5, III and X, respectively.

III. The credit or any unused portion thereof may be carried forward for no more than 5 succeeding years, but the total amount of credits awarded by the authority shall not exceed $1,000,000 in any given tax year.

IV. The credit provided by this section shall be available to businesses chosen by the New Hampshire High Tech Council and certified to the authority as businesses that create employment for skilled and educated technology professionals to move to this state for a career in the technology sector. The availability of the credit shall be advertised as a targeted technology talent resource and marketing campaign that will position and promote New Hampshire as a viable and attractive place to work in the technology field.

2 Tax Expenditures; Reference Deleted. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the technology sector marketing tax credit under RSA 162-L:10-a; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; and the weighted apportionment factors under RSA 77-A:3, II(a).

3 Repeal; 2019. RSA 162-L:10-a, relative to the technology sector marketing tax credit, is repealed.

4 Tax Expenditures; Reference Deleted. Amend RSA 71-C:2 to read as follows:

71-C:2 Tax Expenditures Specified. Tax expenditures include, but may not be limited to, the community development finance authority investment tax credit as computed in RSA 162-L:10; the economic revitalization zone tax credit as computed in RSA 162-N:6; the research and development tax credit under RSA 77-A:5, XIII; the Coos county job creation tax credit under RSA 77-E:3-c; the education tax credit as computed in RSA 77-G:4; and the weighted apportionment factors under RSA 77-A:3, II(a).

5 Effective Date.

I. Sections 3 and 4 of this act shall take effect July 1, 2019.

II. The remainder of this act shall take effect July 1, 2017.