1. I.

   1. (a) There shall be a tax credit allowed for each qualified tax credit employee, for up to 5 consecutive tax periods, as certified by the commissioner of business and economic affairs under RSA 162-Q:1. The amount of the tax credit shall be as follows:

      1. (1) $750 for each qualified tax credit employee earning wages which are equal to or greater than 150 percent but less than 200 percent of the current state minimum wage.
      2. (2) $1000 for each qualified tax credit employee earning wages which are equal to or greater than 200 percent of the current state minimum wage.
   2. (b) If the position held by a qualified tax credit employee ceases to exist at any time during the 5 consecutive tax periods, the employer may not claim the credit for the tax period in which the position ceased to exist or for future tax periods within the 5 consecutive tax periods.
2. II. After being initially granted, the tax credit shall be renewable for 4 consecutive additional years, provided that no additional tax credit shall be granted under this chapter for any tax period after December 31, 2027.
3. III. Unused portions of this credit shall be carried forward up to 5 years. Unused, carried forward credit under this section shall be applied before any other available carry-forward credit.
4. IV. For the purpose of the credit allowed under this section, the Coos county job creation tax credit shall be considered taxes paid under RSA 77-E.

Source. 2008, 172:3, eff. June 9, 2008. 2013, 73:1, eff. July 1, 2013. 2017, 156:14, II, eff. July 1, 2017. 2019, 346:199, eff. July 1, 2019.