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1 Public Safety and Welfare; Community Development Finance Authority; New Investment Tax Credit. Amend RSA 162-L:10, IV(b) to read as follows:
(b) Contributions received by the authority for which credit is to be taken shall not exceed $5,000,000 in any state fiscal year. Contributions received by the authority in excess of $5,000,000 in any state fiscal year shall not be eligible for credit in such fiscal year but may be carried forward to the next succeeding fiscal year or years and shall be given priority in determining the total contributions eligible for credit in such fiscal year.
2 Effective Date. This act shall take effect July 1, 2025.
Text to be added highlighted in green.
1 Public Safety and Welfare; Community Development Finance Authority; New Investment Tax Credit. Amend RSA 162-L:10, IV(b) to read as follows:
(b) Contributions received by the authority for which credit is to be taken shall not exceed $10,000,000 in any state fiscal year. Contributions received by the authority in excess of $10,000,000 in any state fiscal year shall not be eligible for credit in such fiscal year but may be carried forward to the next succeeding fiscal year or years and shall be given priority in determining the total contributions eligible for credit in such fiscal year.
2 Effective Date. This act shall take effect July 1, 2025.