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State & Federal Tax Credits
Available Tax Credits
There are a variety of state and federal tax credits available to support economic development projects in Concord. The following are a few commonly used tax credits available.

State of N.H. Tax Credits:

  • Economic Revitalization Zone (ERZ) Tax Credits - Concord has two designated ERZ areas, one located in Penacook Village, and the second along the Whitney Road corridor.   Businesses which make a certain level of capital investment and create new jobs are eligible to apply for ERZ Tax Credits. These credits can be used to offset tax liabilities against the New Hampshire business profits and enterprise taxes. The total maximum amount of the credit is $200,000 over five years.  For more information, please visit the state's economic website.

Penacook Village ERZ map

Whitney Road Corridor ERZ map and parcel listing

  • Community Development Investment Program (CDIP) - The Community Development Finance Authority (CDFA) give a 75 percent state tax credit against a donation made to any approved project.  The tax credit may be applied against the New Hampshire business profits tax, business enterprise tax, and/or the insurance premium tax.  The donation may also be eligible for treatment as a state and federal charitable contribution.  In most cases, businesses only pay about 11 cents on the dollar for their contribution.  For more information, please visit the CDFA website

Federal Tax Credits:

  • Historic Tax Credits - Development projects which preserve and renovate an “historic” building may qualify for federal historic tax credits. The maximum available credit is 20% of “qualified expenses,” as defined by the U.S. Department of Interior and the U.S. Internal Revenue Service. In order to be eligible for the program, a building must be at least 50 years old and a historic inventory of a subject property must be completed prior to renovation. In addition, renovations must comply with the “Secretary of the Interior Standards”. For more information, check out the National Park Service website.

  • New Markets Tax Credits - Property within certain Federal Census Tracts within Concord may be eligible for the federal New Markets Tax Credit Program. Implemented in 2000, projects utilizing this program are eligible for 39% tax credit on the total project cost over a seven year period. For real estate development projects, the tax credit can be claimed directly by a developer of the project, or sold in order to raise equity for a project. These tax credits must be secured from so-called “Community Development Entities” (CDEs), which have been awarded credits from the U.S. Department of Treasury. Local CDEs that have such credits to invest in projects include the NH Business Finance AuthorityCoastal Enterprises based in Portland Maine, and the Massachusetts Housing Investment Corporation. For more information, please visit the Community Development Financial Institutions Fund website.  

Contact Us
Matt Walsh 
Director of Redevelopment, Downtown Services, & Special Projects 
Email
41 Green St.
Concord, NH 03301

Ph: 603-225-8570
Fx: 603-225-8558

Hours:
Monday - Friday
8 a.m. - 5 p.m.