NH HB1102

Increases the aggregate cap on research and development tax credits that can be issued to all taxpayers from $7,000,000 to $10,000,000 per fiscal year

Raises the maximum individual credit amount an entity can claim from $50,000 to $100,000

Credits can be applied first to Business Profits Tax (BPT), then to Business Enterprise Tax (BET), with unused portions carried forward for up to 5 years

Estimated to decrease General Fund and Education Trust Fund revenue by a maximum of $3,000,000 in FY 2028, with indeterminable decreases in subsequent years

Effective date of July 1, 2026