$6M in tax credits to go toward community projects in N.H.

Posted

CONCORD, N.H. (AP) - A senior housing development in Keene, a walking trail in Salem, and a church-turned-art lab in Manchester are among the 14 New Hampshire nonprofits that have been awarded nearly $6 million in state tax credits.

The amount has been awarded through the Community Development Finance Authority Tax Credit Program. The tax credits allow for more than $25.6 million in leverage for the projects.

Companies that donate to the approved projects can get a 75 percent business tax credit against their contribution. This credit can be applied against the New Hampshire business profits, business enterprise, or insurance premium taxes. The organizations awarded state tax credits are responsible for raising the donations.


TALK TO US

If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.

Powered by Creative Circle Media Solutions