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Business Groups, Life‑Sciences Advocates Push to Raise R&D Tax Credit Caps; BIA and DRA Offer Data Requests
Summary
HB 11‑02 would increase the state research and development tax credit cap from $7 million to $10 million and raise the per‑company cap from $50,000 to $100,000; business groups and life‑science trade associations urged the committee to expand capacity, while DRA and members asked for performance measures and geographic deployment data.
Representative John Genigian introduced HB 11‑02 to raise New Hampshire’s R&D tax credit program cap from $7 million to $10 million and to lift the maximum credit available to a single company from $50,000 to $100,000.
Mike Skelton, president and CEO of the Business & Industry Association (BIA), told the committee the credit has been fully subscribed historically and that similar states deploy larger or more generous R&D incentives. Skelton pointed the…
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