reglab/statecodes huggingface dataset:
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:2 - Community Development Finance Authority.

162-L:2 Community Development Finance Authority. –
I. There is hereby established the community development finance authority, a body corporate and politic. The authority is constituted a public instrumentality of the state. The exercise by the authority of the powers conferred by this chapter shall be deemed and held to be the performance of essential governmental functions. The authority shall be a nonprofit corporation organized under RSA 292.
II. The authority shall be governed by a board of 11 directors which shall include the commissioner of the department of business and economic affairs or designee, and 10 public members appointed by the governor and council as follows:
(a) Four representatives of community development corporations or other nonprofit organizations engaged in community development activities.
(b) One representative of organized labor.
(c) Two representatives of small business and the financial community.
(d) One representative of employment training programs.
(e) Two representatives of private financial institutions.
III. The 10 appointed members of the board of directors shall serve for 5-year terms. If a vacancy occurs on the board of directors, the governor and council shall appoint a person to serve the remainder of the term. A member of the board of directors may be reappointed.
IV. The members of the board of directors shall receive no compensation for their services but shall be reimbursed for actual and necessary expenses, including travel expenses, incurred in performing their duties.
Source.
1991, 334:3, eff. June 28, 1991. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:3 - Board of Directors; Organization.

162-L:3 Board of Directors;  Organization. –
I. Upon appointment of the members of the board of directors and annually thereafter, the members shall elect, from among the members, a chairman and a vice-chairman and shall designate a secretary-treasurer who need not be a member of the board.
II. The secretary-treasurer shall keep a record of the proceedings of the authority and the board of directors and shall be the custodian of all books, documents, and papers filed with the authority, the minute books of the authority, and its official seal.
III. A majority of the directors shall constitute a quorum, but no power of the authority shall be exercised without a majority vote of the full board of directors. The authority shall employ an executive director; legal, financial, and technical experts; and other persons as it may require. The authority shall determine the qualifications, duties, and compensation of its employees.
Source.
1991, 334:3, eff. June 28, 1991.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:4-a - Exemption From Administrative Procedure Act and Rulemaking Authority.

162-L:4-a Exemption From Administrative Procedure Act and Rulemaking Authority. –
The authority shall be exempt from the provisions of RSA 541-A and may adopt rules in accordance with its own procedures to facilitate, implement, and carry out the powers, duties, and purposes of the authority enumerated in this chapter and such other and additional powers and purposes as shall be conferred upon it.
Source.
2019, 299:3, eff. July 29, 2019.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:4-b - Relation to Other Agencies.

162-L:4-b Relation to Other Agencies. –
The financial and administrative operations of the authority shall be exempt from the rules of any department, commission, board, bureau, or agency of the state except to the extent and in the manner provided in this chapter.
Source.
2019, 299:3, eff. July 29, 2019.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:4-c - Community Development Fund for New Hampshire.

162-L:4-c Community Development Fund for New Hampshire. –
There is hereby established in the state treasury the community development fund for New Hampshire, which shall be kept distinct and separate from all other funds. All moneys in the fund shall be nonlapsing and continually appropriated to the community development finance authority. In addition to any state appropriations, the community development finance authority may accept gifts, grants, and donations from other sources, including contributions and loans from businesses, for deposit into the fund. The fund shall be used to provide flexible loan capital for community development initiatives and for one-time capital infrastructure revitalization and strategic investments.
Source.
2019, 346:173, eff. July 1, 2019.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:5 - Technical Assistance; Grants.

162-L:5 Technical Assistance;  Grants. –
I. The authority shall provide technical assistance to community development corporations, other nonprofit organizations involved in community development, and employee and other types of cooperatives and to persons forming such organizations. Technical assistance includes, but is not limited to, assistance with respect to organizational development, economic development planning, community education, financial planning or packaging, the development of grant or other applications, market research, business plan development or review, management training, and such accounting and legal services as may be necessary to enhance or render effective any of the foregoing. Such assistance may be provided by the authority directly by staff or other agents of the authority or through contract with a third party.
II. The authority may award grants to community development corporations, other nonprofit organizations involved in community development activities, and employee and other types of cooperatives to fund their operating costs or other costs of projects including, but not limited to, costs incurred for planning, feasibility or other studies, consultants, technical assistance, or educational or publicity programs. The authority shall award the grants to further the purposes of this chapter. The authority shall review applications for grants based upon need, effectiveness in encouraging the development of community development corporations, other nonprofit organizations involved in community development activities, and employee or other types of cooperatives, effectiveness in assisting in the attainment of capital for the development of the operating area of the organization or cooperative, and the extent to which the grant will encourage the exchange of information among community development organizations and cooperatives.
Source.
1991, 334:3, eff. June 28, 1991.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:6 - Reporting Requirements.

162-L:6 Reporting Requirements. –
On or before September 1 of each year, the authority shall submit an annual report of its activities for the preceding fiscal year to the governor, the president of the senate, the speaker of the house of representatives and the state treasurer. The report shall set forth a complete operating and financial statement of the authority during such year. The report shall include outstanding amounts of pledges made and cash contributions received against pledges. The authority shall cause an audit by an independent certified public accountant of its books and accounts to be made each fiscal year.
Source.
1991, 334:3. 1993, 350:21. 1994, 336:2, eff. June 8, 1994.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:8 - Repealed by by 1993, 350:41, V, eff. July 1, 1994.

162-L:8 Repealed by by 1993, 350:41, V, eff. July 1, 1994. –
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:10 - New Investment Tax Credit.

162-L:10 New Investment Tax Credit. –
I. An investment tax credit equal to 75 percent of the contribution made to the authority during the contributor's 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 shall not exceed $1,000,000 in any given tax year.
IV. (a) The credit provided by this section shall be available to contributors on or after contributions for which credit is to be taken are actually received by the authority.
(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.
V. Estimated tax payments under RSA 400-A:32 due and payable after the date of contribution to the authority may be reduced by the credit allowable under this section.
Source.
1998, 338:3, eff. July 1, 1999.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:11 - Definitions.

162-L:11 Definitions. –
In this subdivision:
I. "Authority" means the community development finance authority established by RSA 162-L:2.
II. "Chief executive officer" means the chief executive of the municipality, whether the official designation is mayor, city manager, chairman of the board of selectmen, or otherwise.
III. "Committee" means the community development advisory committee.
IV. "Entitlement municipality" means a municipality entitled to receive funds directly from the United States Department of Housing and Urban Development under Title I, section 106(b) of the federal act.
V. "Federal act" means Title I of the Housing and Community Development Act of 1974, as amended, 42 U.S.C. section 5301 et seq.
VI. "Governing body" means, in the case of a city, the city council or the board of aldermen or, in the case of a town, the board of selectmen or the town council.
VII. "Grantee" means a municipality that receives a grant under the provisions of this subdivision.
VIII. "Municipality" means a city or a town. It also means a "non-entitlement area" as defined in Title I, section 102(a)(7) of the federal act.
Source.
2003, 319:13, eff. July 1, 2003.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:12 - Program Goals.

162-L:12 Program Goals. –
In allocating funds under the community development block grant program, the authority shall give priority to activities that:
I. Benefit low and moderate income households.
II. Aid in the prevention or elimination of slum or blight.
III. Aid in the prevention or elimination of conditions which pose a serious or immediate threat to the health and welfare of the community where no other financial resources exist to meet such needs.
Source.
2003, 319:13, eff. July 1, 2003.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:13 - Eligible Activities.

162-L:13 Eligible Activities. –
A wide range of community development activities shall be eligible for funding. These may include, but are not limited to:
I. The acquisition, rehabilitation, or expansion of housing.
II. The creation, expansion, or retention of employment through the stimulation of private investment and community revitalization.
III. The installation, rehabilitation, or replacement of public facilities.
IV. Activities that test the feasibility of innovative approaches to community development.
V. Activities that provide timely responses to unpredictable circumstances or special development opportunities.
Source.
2003, 319:13, eff. July 1, 2003.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:14 - Grant of Powers to Municipalities.

162-L:14 Grant of Powers to Municipalities. –
I. All municipalities not designated as entitlement municipalities under the federal act are authorized to apply with the authority for funds and are granted such additional authority and power, essential and incidental, as may be necessary for the administration of this program.
II. Prior to filing an application under this subdivision, a municipality shall:
(a) Through action by the governing body adopt or pass an official act or resolution authorizing the filing of the application and directing the chief executive officer or designee to act in connection with the application and to provide such information as may be required.
(b) Hold at least one public hearing to obtain the views of citizens on community development, to furnish the citizens with information concerning the amount of funds available and the range of community development activities that may be undertaken under this subdivision and to give affected citizens an opportunity to examine a proposed statement to the projected use of such funds to be applied for. A notice of the hearing shall specify the grounds for the hearing as well as the date, time, and place. This notice of the hearing shall be published in a newspaper of general circulation in the municipality, and a legal notice shall also be posted in at least 3 public places within such municipality at least 10 days prior to the hearing. The 10 days shall not include the day of publication or the day of posting, whichever is later, nor the day of the hearing, but shall include any Saturdays, Sundays, and legal holidays within the period. This hearing shall be held before the municipality's governing body takes any final action regarding the filing of the application.
III. The chief executive officer shall certify that the municipality will comply with the provisions of this subdivision and with other applicable federal and state laws and rules as may be determined by the authority and the federal government.
Source.
2003, 319:13, eff. July 1, 2003.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:15 - The New Hampshire Community Development Advisory Committee.

162-L:15 The New Hampshire Community Development Advisory Committee. –
I. There is established the community development advisory committee which shall be provided staff and administrative assistance by the authority.
II. The committee shall consist of 11 voting members as follows:
(a) The chairperson of the board of directors of the community development finance authority, or designee, who shall serve as chairperson of the committee.
(b) The director of the office of planning and development, or designee.
(c) The executive director of the New Hampshire housing finance authority, or designee.
(d) The director of the division of economic development, department of business and economic affairs, or designee.
(e) The executive director of a regional development organization, appointed by the governor.
(f) Six public members, at least 3 of whom shall be municipal officials, who shall be appointed by and serve at the pleasure of the governor.
III. The 6 public members shall be paid their actual expenses incurred in performing their duties under this subdivision and shall be paid mileage at the same rate as state employees.
IV. A majority of the members of the committee shall constitute a quorum.
V. No person who receives a significant portion of his or her income directly or indirectly from the community development activities governed by this subdivision shall be a member of the committee.
VI. The committee shall advise the authority in the development of rules for administering this subdivision and developing criteria for the allocation of funds provided under the federal act.
Source.
2003, 319:13. 2004, 257:44, eff. July 1, 2004. 2017, 156:14, II, 64, eff. July 1, 2017. 2019, 299:1, eff. Sept. 27, 2019. 2021, 91:198, eff. July 1, 2021.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:16 - Powers and Duties of the Authority.

162-L:16 Powers and Duties of the Authority. –
I. The authority shall be responsible for the former functions, duties, and responsibilities of the office of state planning relative to administration of the community development block grant program and shall, with the consent of the committee and with the approval of the governor and council make final awards of grants and enter into contractual relationships with grantees for administering funds.
II. The authority shall provide advice and assistance to municipalities in dealing with community development concerns and problems.
III. The authority is authorized to accept federal funds to administer the small cities community development block grant program in accordance with the provisions of this subdivision.
IV. [Repealed.]
Source.
2003, 319:13. 2004, 104:1, eff. July 16, 2004. 2019, 299:5, eff. July 29, 2019.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:17 - Procedures for Administration.

162-L:17 Procedures for Administration. –
I. All funds allocated to the state under the federal act, except for an amount not exceeding the maximum allowable under the federal act available to the state for administrative costs, shall be allocated to eligible municipalities.
II. All municipalities shall be eligible to apply for and receive funds under this subdivision except for entitlement municipalities.
III. The allocation system shall be competitive and shall provide the opportunity for any eligible municipality to compete for funding for community development projects.
IV. The authority shall solicit applications from eligible municipalities. Any eligible municipality desiring to receive funds under this subdivision shall complete and submit an application in accordance with the rules adopted by the authority.
V. The authority shall evaluate the relative merits of the applications based on the rules, criteria, and procedures adopted by the authority.
Source.
2003, 319:13, eff. July 1, 2003. 2019, 299:4, eff. July 29, 2019.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:18 - Remedies for Noncompliance.

162-L:18 Remedies for Noncompliance. –
I. If the authority finds, after reasonable notice and opportunity for hearing, that a grantee under this subdivision has failed to comply substantially with the provisions of this subdivision, the rules adopted under this subdivision, or applicable provisions of federal law, the authority may:
(a) Terminate payments to the grantee under this subdivision; or
(b) Limit the availability of payments under this subdivision under such conditions as the authority may establish.
II. In lieu of, or in addition to, any action authorized in paragraph I, the authority may refer the matter to the attorney general of the state of New Hampshire with a recommendation that an appropriate civil action be instituted.
Source.
2003, 319:13, eff. July 1, 2003.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-L - Community Development Finance Authority › Section 162-L:19 - Status of State Employees.

162-L:19 Status of State Employees. –
Classified employees of the office of planning and development responsible for administration of the community development block grant program shall be transferred to the community development finance authority. Any person employed in such a position at the time of the transfer shall be deemed an employee of the authority. Any individual transferred from the office of planning and development to the authority shall be entitled to continue to receive such health, dental, life insurance, deferred compensation, and retirement benefits as are afforded to classified employees of the state. Service as an employee of the authority shall be creditable service for purposes of RSA 21-I:30. Employees of the authority, however, shall not be classified employees of the state of New Hampshire within the meaning of RSA 21-I:49 but employees at will of the authority. The authority shall pay from its revenues the state share of such benefits. Any remaining costs of health, dental, life insurance, deferred compensation, and retirement benefits which an individual elects to receive pursuant to this section, shall be withheld from such individual's salary as a payroll deduction. Written notice of the availability of these benefit options shall be provided to each individual upon transfer to the authority.
Source.
2003, 319:13. 2004, 104:2; 257:44. 2012, 175:4, eff. July 1, 2012. 2017, 156:64, eff. July 1, 2017. 2021, 91:198, eff. July 1, 2021.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-M - Private Activity Bond Limit › Section 162-M:1 - Definitions.

162-M:1 Definitions. –
As used in this chapter, the following terms shall have the following meanings:
I. "Carryforward purpose" shall have the meaning given to it in section 146(f)(5) of the code.
II. "Code" means the United States Internal Revenue Code of 1986, as amended.
III. "Housing bond" means a qualified mortgage bond as defined in section 143(a)(1) of the code or an exempt facility bond for a qualified residential rental project as those terms are defined in sections 142(a)(7) and 142(d)(1) of the code, respectively.
IV. "Housing finance authority" means the New Hampshire housing finance authority established by RSA 204-C:2.
V. "Business finance authority" means the business finance authority of the state of New Hampshire established by RSA 162-A:3.
VI. "Issuer" means any state or local governmental unit, agency, authority or instrumentality, or any nonprofit or public corporation, authorized to issue private activity bonds or bonds which would be private activity bonds unless an allocation of state ceiling under section 146 of the code is made to such bonds.
VII. "Private activity bond" shall have the meaning given to it in section 141(a) of the code. The use of such term in this chapter is for reference purposes only and shall not imply that the state has determined that any obligation issued as a private activity bond under the code will not serve a public use or provide a public benefit.
Source.
1987, 120:1. 1992, 262:13, eff. May 15, 1992.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-M - Private Activity Bond Limit › Section 162-M:3 - Policy.

162-M:3 Policy. –
In making assignments of state ceiling under this chapter, the housing finance authority and the business finance authority shall seek to distribute state ceiling as fairly as practicable among state and local issuers and shall take into consideration state and local development plans and policies.
Source.
1987, 120:1. 1992, 262:13, eff. May 15, 1992.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-M - Private Activity Bond Limit › Section 162-M:4 - Cooperation.

162-M:4 Cooperation. –
The housing finance authority and the business finance authority shall cooperate to carry out the purposes of this chapter and to ensure that the state ceiling is utilized to the fullest extent possible.
Source.
1987, 120:1. 1992, 262:13, eff. May 15, 1992.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-M - Private Activity Bond Limit › Section 162-M:5 - Reports by Issuers.

162-M:5 Reports by Issuers. –
Each issuer shall notify the office of investment and debt management and the authority from which it received an assignment of state ceiling of each issuance of bonds that required an allocation of state ceiling by filing a copy of the information reporting statement required by section 149(e) of the code as promptly as possible after the issuance of the bonds. Failure to give such notice shall not affect the validity of the allocation of state ceiling or of the bonds.
Source.
1987, 120:1, eff. May 7, 1987.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-M - Private Activity Bond Limit › Section 162-M:6 - Certification by State Official.

162-M:6 Certification by State Official. –
Any member or officer of an issuer expressly designated from time to time for the purpose is authorized to make the certification required by section 149(e)(2)(F) of the code.
Source.
1987, 120:1, eff. May 7, 1987.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:1 - Definitions.

[RSA 162-N:1 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:1 Definitions. –
In this chapter:
I. "Economic revitalization zone" means a zone designated by the commissioner of business and economic affairs as an economic revitalization zone in accordance with the provisions of this chapter.
II. "Full-time job" means a job that is at least 35 hours per week and is a permanent, year-round position.
Source.
2003, 301:2. 2007, 263:120, eff. July 1, 2007. 2015, 265:8, eff. July 1, 2015. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:2 - Designation of Economic Revitalization Zone.

[RSA 162-N:2 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:2 Designation of Economic Revitalization Zone. –
I. "Economic revitalization zone" means a zone with a single continuous boundary, designated in accordance with the rules adopted under RSA 162-N:8, and having at least one of the following characteristics:
(a) Unused or underutilized industrial parks; or
(b) Vacant land or structures previously used for industrial, commercial, or retail purposes but currently not so used due to demolition, age, obsolescence, deterioration, brownfields, relocation of the former occupant's operations, or cessation of operation resulting from unfavorable economic conditions either generally or in a specific economic sector.
II. Economic revitalization zones shall be designated by the commissioner of business and economic affairs only upon petition by the local governing body, as defined by RSA 672:6, or the town council. The commissioner of business and economic affairs shall certify that the economic revitalization zone meets the criteria required in paragraph I.
Source.
2003, 301:2. 2007, 263:120. 2010, 311:2, eff. July 13, 2010. 2015, 265:1, eff. July 1, 2015. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:2-a - Reevaluation of Economic Revitalization Zone.

[RSA 162-N:2-a repealed by 2015, 265:7, effective January 1, 2028.]
162-N:2-a Reevaluation of Economic Revitalization Zone. –
Each economic revitalization zone shall be evaluated every 5 years to determine if it meets the criteria required in RSA 162-N:2. If an economic revitalization zone fails to meet the criteria in RSA 162-N:2, its designation as an economic revitalization zone shall be removed.
Source.
2015, 265:2, eff. July 1, 2015.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:3 - Eligibility Requirements for Business Tax Credits.

[RSA 162-N:3 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:3 Eligibility Requirements for Business Tax Credits. –
No economic revitalization zone tax credits shall be allowed to any taxpayer unless the taxpayer's project receives written certification in accordance with RSA 162-N:4, I from the commissioner of business and economic affairs that it has expanded the commercial or industrial base in a designated economic revitalization zone and created new jobs in the state.
Source.
2003, 301:2. 2007, 263:120, eff. July 1, 2007. 2015, 265:3, eff. July 1, 2015. 2017, 156:14, II, eff. July 1, 2017. 2020, 38:3, eff. July 1, 2020.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:4 - Economic Revitalization Zone Tax Credit Agreement.

[RSA 162-N:4 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:4 Economic Revitalization Zone Tax Credit Agreement. –
I. The commissioner of business and economic affairs shall certify each application for an economic revitalization zone tax credit with each taxpayer.
II. The commissioner, upon satisfaction of the requirements in RSA 162-N:3, shall issue a letter of certification containing such provisions as the commissioner of business and economic affairs determines to be in the public interest, which shall include, but not be limited to:
(a) Quality and quantity of full-time jobs created.
(b) Duration of the taxpayer's commitments with respect to the economic revitalization zone.
(c) The amount of the taxpayer's investment in the project.
(d) A precise definition of the location of the facility eligible for the credit.
III. The letter of certification shall contain a determination of the final amount of the credit awarded and shall be provided to the commissioner of revenue administration and the taxpayer claiming the credit no later than March 31 of each year.
Source.
2003, 301:2. 2007, 263:120. 2010, 311:3, eff. July 13, 2010. 2015, 265:4, eff. July 1, 2015. 2017, 156:14, II, eff. July 1, 2017. 2020, 38:4, eff. July 1, 2020.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:5 - Limit on Total Economic Revitalization Zone Credits.

[RSA 162-N:5 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:5 Limit on Total Economic Revitalization Zone Credits. –
The aggregate of tax credits issued by the commissioner of economic and business affairs to all taxpayers claiming the credit shall not exceed $825,000 for any calendar year, except that any amount of the credit less than $825,000 that is not claimed in the calendar year may be issued in the next calendar year and in following years. Amounts carried forward pursuant to RSA 162-N:7 shall not be counted against this limit in any year in which they are applied. Notwithstanding RSA 162-N:6, the maximum credit which may be utilized by a taxpayer in any calendar year shall not exceed $40,000. In the case in which the aggregate credits requested during the calendar year exceed the amount available, each taxpayer shall receive a credit for the proportional share of the maximum aggregate credit amount.
Source.
2003, 301:2. 2007, 263:120. 2008, 58:1. 2010, 311:4, eff. July 13, 2010. 2014, 139:2, eff. Aug. 15, 2014. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:6 - Determination of Economic Revitalization Zone Tax Credits Eligible Amount.

[RSA 162-N:6 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:6 Determination of Economic Revitalization Zone Tax Credits Eligible Amount. –
For the purpose of determining the economic revitalization zone tax credit that the taxpayer is eligible to receive, the amount of the credit to be taken shall be the sum of the following:
I. 4 percent of the salary for each new full-time job created in the calendar year with a wage less than or equal to 1.75 times the then current state minimum wage.
II. 5 percent of the salary for each new full-time job created in the calendar year with a wage greater than 1.75 times the then current state minimum wage and less than or equal to 2.5 times the then current state minimum wage.
III. 6 percent of the salary for each new full-time job created in the calendar year with a wage greater than 2.5 times the then current state minimum wage.
IV. 4 percent of the lesser of the following:
(a) The actual cost incurred in the calendar year of creating a new facility or renovating an existing facility, and expenditures for machinery, equipment, or other materials, except inventory.
(b) $20,000 for each new full-time job created in the calendar year.
Source.
2003, 301:2. 2007, 263:120. 2010, 311:5, eff. July 13, 2010. 2015, 265:5, eff. July 1, 2015. 2020, 38:5, eff. July 1, 2020.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:7 - Application of Economic Revitalization Zone Tax Credit.

[RSA 162-N:7 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:7 Application of Economic Revitalization Zone Tax Credit. –
The economic revitalization zone tax credit shall be applied against the business profits tax under RSA 77-A, and any unused portion thereof may be applied against the business enterprise tax under RSA 77-E. Any unused portion of the credit allowed under this chapter or any eligible credit in excess of $40,000 allowed under this chapter, may be carried forward and allowed against taxes due under RSA 77-A or RSA 77-E for 5 taxable periods from the taxable period in which the tax was paid. For the purpose of the credit allowed under RSA 77-A:5, X, the economic revitalization zone credit shall be considered taxes paid under RSA 77-E.
Source.
2003, 301:2. 2007, 263:120. 2008, 58:2, eff. July 1, 2008.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:8 - Rules.

[RSA 162-N:8 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:8 Rules. –
The commissioner of revenue administration shall adopt rules, under RSA 541-A, relative to documentation of the credits claimed under this chapter. The commissioner of business and economic affairs shall, in consultation with the executive director of the community development finance authority, adopt rules, under RSA 541-A, relative to the administration and implementation of this chapter. The rules adopted by the commissioner of business and economic affairs shall include provisions relative to:
I. Establishment and certification of economic revitalization zones.
II. Criteria for and approval of projects in economic revitalization zones, including jobs per dollar thresholds.
III. Fees which the commissioner of business and economic affairs may charge to each applicant to cover the reasonable costs of the state's administration of the applicant's participation in the economic revitalization zone tax credit program.
IV. Criteria for evaluation of the effectiveness of the tax credit program and whether existing economic revitalization zones continue to meet the criteria of RSA 162-N:2.
Source.
2003, 301:2. 2007, 263:120, eff. July 1, 2007. 2015, 265:6, eff. July 1, 2015. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-N - Economic Revitalization Zone Tax Credits › Section 162-N:9 - Reports.

[RSA 162-N:9 repealed by 2007, 263:123, I, effective January 1, 2028.]
162-N:9 Reports. –
The commissioner of business and economic affairs shall file an annual report 60 days after the close of each fiscal year with the governor, the senate president, the speaker of the house of representatives, and the fiscal committee of the general court. The report shall describe the results of the economic revitalization zone tax credit program and shall include any recommendations for further legislation regarding the economic revitalization zone tax credit program.
Source.
2003, 301:2. 2007, 263:120. 2012, 247:19, eff. Aug. 17, 2012. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-P - Research and Development Tax Credit Program › Section 162-P:1 - Research and Development Tax Credit Program.

162-P:1 Research and Development Tax Credit Program. –
I. The commissioner of business and economic affairs shall file a report detailing the implementation of the tax credit program under RSA 77-A:5, XIII and the results achieved. The report shall include the following:
(a) Methods and activities used to implement the tax credit program.
(b) The number of companies, including venture capital funds, contacted relative to locating research and development activities in the state.
(c) Types and sizes of companies using the credit, and the effect on hiring and company growth, to the extent permitted by confidentiality concerns.
(d) Size of the credit relative to the federal credit for typical companies.
(e) Other information as deemed relevant.
II. This report shall be filed with the president of the senate, the speaker of the house of representatives, the chairmen of the house and senate ways and means committees, and the governor on or before July 31 of each year, beginning with July 31, 2008.
Source.
2007, 271:3, 6, III. 2013, 5:2, eff. May 20, 2013. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-Q - Coos County Job Creation Tax Credit › Section 162-Q:1 - Definition.

162-Q:1 Definition. –
I. In this chapter "qualified tax credit employee" means a new, full-time, year-round employee hired in Coos county for work directly in one or more business activities for which actual wages paid are equal to or greater than 150 percent of the current state minimum wage. "Qualified tax credit employee" does not include an employee who is:
(a) Shifted to a new position because of a merger, acquisition, or restructuring; or
(b) Laid-off and rehired within 270 days to the same or similar position.
(c) Not on the employer's payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period.
II. For the purposes of calculating wages paid to the employee under paragraph I, the amount paid by the employer for medical and dental health care benefits for the employee shall be included in the amount of actual wages paid.
Source.
2008, 172:4, eff. June 9, 2008.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-Q - Coos County Job Creation Tax Credit › Section 162-Q:2 - Approval and Certification.

162-Q:2 Approval and Certification. –
The commissioner of the department of business and economic affairs, in consultation with the commissioner of the department of revenue administration, shall develop application forms with which taxpayers may apply for the job creation tax credit. The forms shall be submitted by taxpayers to the commissioner of the department of business and economic affairs, and the commissioner shall approve or deny such application and certify to the commissioner of the department of revenue administration the total credit awarded to each business organization that hires qualified tax credit employees.
Source.
2008, 172:4, eff. June 9, 2008. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-Q - Coos County Job Creation Tax Credit › Section 162-Q:3 - Reports.

162-Q:3 Reports. –
The commissioner of the department of business and economic affairs shall file a report detailing the implementation of the tax credit program under RSA 77-E:3-c and the results achieved. This report shall be filed with the president of the senate, the speaker of the house of representatives, and the governor on or before July 31 of each year, beginning with July 31, 2009. The report shall include the following:
I. Methods and activities used to implement the tax credit program.
II. The number and type of jobs created in Coos county.
III. The total amount of tax credits awarded.
IV. Other information as deemed relevant.
Source.
2008, 172:4, eff. June 9, 2008. 2017, 156:14, II, eff. July 1, 2017.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-R - Energy Infrastructure Development and Corridors › Section 162-R:1 - Definitions.

162-R:1 Definitions. –
In this chapter:
I. "Energy infrastructure" includes high voltage DC or AC electric transmission facilities of 115 kV or greater, natural gas transmission lines, carbon dioxide pipelines, petroleum pipelines, and other energy transport pipelines or conduits.
II. "Energy infrastructure corridor" means an existing state-owned transportation right-of-way within which energy infrastructure could potentially be sited underground.
III. "Developer" means a person or legal entity that can demonstrate to the state the financial, technical, and managerial capability to engage in the development and construction of energy infrastructure.
IV. "Project" means the development or construction of energy infrastructure subject to site evaluation committee jurisdiction under RSA 162-H within an energy infrastructure corridor.
V. "Site evaluation committee" means the site evaluation committee established in RSA 162-H:3.
VI. "State-owned transportation right-of-way" means a highway or railroad right-of-way on land owned in fee by the state or a state agency or state authority.
VII. "Sufferance" means that the owner of energy infrastructure has no real property interest in the right-of-way, but merely occupies and uses the public right-of-way subject to terms and conditions established by the New Hampshire department of transportation.
Source.
2016, 218:2, eff. April 15, 2018.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-R - Energy Infrastructure Development and Corridors › Section 162-R:2 - Energy Infrastructure Corridors Designated.

162-R:2 Energy Infrastructure Corridors Designated. –
I. In accordance with RSA 236:18, the state has the exclusive rights, insofar as they do not conflict with any federal statute, rule, or regulation, to build, lease, or utilize for any public purpose the space adjacent to (excluding the median) and below the toll highways and the interstate system highways within the state.
II. The following areas, owned by the state, are designated as energy infrastructure corridors:
(a) I-89 (between the intersection of I-93 and the Vermont border).
(b) I-93 (between the Massachusetts border and the Vermont border, excepting approximately 1.7 miles located in the White Mountain National Forest north of Franconia Notch state park).
(c) I-95 (between the Massachusetts border and the Maine border).
(d) N.H. Route 101 (between the intersection of I-93 and the intersection of I-95).
III. Nothing in this chapter shall require a developer of energy infrastructure to site or propose to site energy infrastructure, or any part thereof, within an energy infrastructure corridor designated under this chapter.
Source.
2016, 218:2, eff. April 15, 2018.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-R - Energy Infrastructure Development and Corridors › Section 162-R:3 - Energy Infrastructure Proposal Application Process.

162-R:3 Energy Infrastructure Proposal Application Process. –
I. (a) To initiate the application process, a developer may file with the department of transportation, a request for a preliminary conceptual feasibility study, including such project-specific information as the department may specify in accordance with the department's utility accommodation manual.
(b) Within 30 days after such study request is filed, the department shall provide written notice to the developer, with a copy to the site evaluation committee, either accepting such study request as sufficiently complete to allow the department to evaluate the conceptual feasibility of the proposal and submit its recommendation to the committee, or specifying the additional information needed to complete its evaluation.
(c) Upon notice to the developer that the study request is deemed sufficiently complete for its purposes under subparagraph (a), the department shall have 60 days to determine whether and to what extent the proposed project route would be conceptually feasible within the applicable state-owned transportation right-of-way or rights-of-way, based on department standards and regulations.
(d) Within 60 days after notice to the developer that its submission has been deemed complete, the department shall submit its report on the conceptual feasibility of the project to the developer and the site evaluation committee, specifying any concerns or issues it believes the committee should consider in its review of the application.
II. The site evaluation committee shall determine whether the application is complete, and shall proceed to review a completed application under RSA 162-H.
Source.
2016, 218:2, eff. April 15, 2018.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-R - Energy Infrastructure Development and Corridors › Section 162-R:4 - Energy Infrastructure Proposal; Decision Criteria.

162-R:4 Energy Infrastructure Proposal;  Decision Criteria. –
I. The site evaluation committee shall evaluate and render a decision on an energy infrastructure proposal which chooses to use one or more designated energy infrastructure corridors pursuant to the provisions of this chapter.
II. The site evaluation committee may approve an energy infrastructure proposal for a project to be sited in whole or in part within one or more energy infrastructure corridors only if it finds that the project meets the criteria set forth in RSA 162-H.
Source.
2016, 218:2, eff. April 15, 2018.
2023 New Hampshire Revised Statutes › Title XII - Public Safety and Welfare › Chapter 162-R - Energy Infrastructure Development and Corridors › Section 162-R:5 - Use of Energy Infrastructure Corridors; Requirements.

162-R:5 Use of Energy Infrastructure Corridors;  Requirements. –
Development and construction of energy infrastructure within an energy infrastructure corridor are governed by this section. No person shall engage in development or construction of energy infrastructure within an energy infrastructure corridor, unless such person is in compliance with applicable state and federal laws, rules, and regulations. Any development, construction, maintenance, or use of energy infrastructure within an energy infrastructure corridor shall be at the sufferance of the department of transportation. All costs associated with installation, alteration, relocation (whether or not required by the department), and/or protection of energy infrastructure within an energy infrastructure corridor shall be the responsibility of the energy infrastructure developer or owner.
Source.
2016, 218:2, eff. April 15, 2018.