Economic Incentives & Tax Credits
High impact incentives for small businesses in New Hampshire
On the foundation of its bold motto, Live Free or Die, New Hampshire is where businesses can grow, thrive, and prosper. When it comes to taxes, New Hampshire businesses pay no use tax, sales tax, estate tax, internet tax, inventory tax, capital gains tax, professional service tax and, no broad-based income tax. In addition to the many areas that aren’t taxed, New Hampshire offers incentives to lower taxes with programs such as The Economic Revitalization Zone Tax Credit and the WorkInvestNH.
Top tax incentive programs for small and medium-sized businesses in New Hampshire
Brownfields Tax Abatement
Under NH state law, RSA 76:19-a, the City may grant a brownfields tax abatement in order to encourage economic development projects. A
CDIP Tax Credit Program
Eligible entities may apply to the NH Community Development Finance Authority for an allocation of Community Development Investment Program (CDIP) Tax Credits, to help finance a variety of projects which create economic and community development benefits.
Coos County Job Creation Tax Credit
The Coos County Job Creation Tax Credit is awarded to businesses hiring employees for new, full-time positions that pay wages 200 percent higher than the minimum wage.
Economic Revitalization Zone Tax Credits (ERZ Tax Credit) Program
Businesses that create at least one net new full-time job and make capital improvements may be eligible for a tax credit of up to $240,000 over five years.
New Hampshire Research and Development Tax Credit
A tax credit for businesses engaged in R&D.
WorkInvestNH
The program provides funds for businesses training or retraining employees.
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Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.