1. (a) Economic revitalization zone tax credits, pursuant to RSA 162-N:7, may be allowed as a credit against either:

   1. (1) The business profits tax liability; or
   2. (2) The business enterprise tax liability.
2. (b) Economic revitalization zone tax credits applied first against the business profits tax shall not be available as a credit against the business enterprise tax.

3. (c) Economic revitalization zone tax credits applied first against the business enterprise tax shall:

   1. (1) Be considered business enterprise tax paid; and
   2. (2) Not be available as a credit against the business profits tax, except to the extent it is a credit against the business enterprise tax.

4. (d) In addition to the filing requirements under Rev 2407.02, a copy of the following documents shall be attached to the business enterprise tax return:

   1. (1) The authorization letter from the New Hampshire department of resources and economic development awarding the credit; and
   2. (2) Form DP-160.

Source. #9065, eff 1-10-08; ss by #11032, eff 1-29-16