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Lawmakers hear business pitches to raise R&D tax credit caps to spur life‑sciences growth
Summary
Representative John Janigian told the Ways and Means committee HB 1102 would raise New Hampshire's R&D tax credit cap from $7 million to $10 million and increase the per‑company cap from $50,000 to $100,000 to attract life‑science firms and higher‑paying jobs; industry groups and small businesses testified in support.
The Senate Ways and Means Committee heard testimony on House Bill 1102, which would increase New Hampshire’s aggregate R&D tax credit from $7 million to $10 million and raise the per‑company credit cap from $50,000 to $100,000.
Representative John Janigian, sponsor, said the change targets smaller, high‑paying companies and supports the state's effort to attract life‑science firms from neighboring states. ‘‘This bill proposes to increase…
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