Research & Development Tax Credits

2013 SB 1 doubled the amount available for the R&D tax credit from $1 million to $2 million and made the tax credit permanent, a key component of the Governor’s Innovate NH jobs plan.

All of the 155 businesses that applied for the tax credit were approved for a portion of the $2 million available. 

According to DRA Commissioner Beardmore, “76 of the companies receiving the tax credit reported less than $500,000 of qualified wages, demonstrating that small, growing companies are taking advantage of this important credit.”

Research and development tax credit

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