NH SB404

Increases the annual aggregate cap for Economic Revitalization Zone tax credits from $825,000 to $1,000,000, with the maximum credit per taxpayer rising from $40,000 to $50,000 per fiscal year

Changes the reevaluation period for economic revitalization zones from every 5 years to every 8 years to determine if they still meet eligibility criteria

Shifts the program year from calendar year to state fiscal year, and allows unused credits to carry forward for 2 fiscal years (reduced from indefinite carryforward)

Modifies tax credit calculation by simplifying wage tiers to two brackets (4% for wages up to 2.5x minimum wage, 6% for wages above) and increasing facility/equipment investment credit from 4% to 5%

Prohibits employers designated as "foreign principals" or those with business origins in certain restricted countries from receiving tax credits, effective July 1, 2027