NH Life Sciences sets course for growth
Industry group celebrates second year with more than 50 member companies
NH Senate puts proposed CDFA tax credit increase on hold
Bill to raise contribution limit to $6 million sent to study
The NH Senate has sent to study a proposal to increase the limit on contributions through the Community Development Finance Authority to $6 million.
The bill would have increased the limit on contributions to projects in the Community Development Investment Program, under which CDFA gives a 75 percent state tax credit against donations.
The tax credit can be applied against the business profits tax, business enterprise tax or the insurance premium tax.
“This is a modest change to a program and an organization that we know works,” said Dan Feltes, D-Concord.
The bill had easily sailed though the House on a voice vote, but the Senate sent it to study, on a party-line 14-9 vote.
