1. (a) A business organization qualified for the credit under RSA 162-N shall be allowed a credit against its business profits tax liability for the amount available as determined in accordance with RSA 162-N:6, subject to the limitation provided in RSA 162-N:5.
2. (b) Any unused amount of the credit shall be allowed as a credit against the business organization’s business enterprise tax and shall be considered business enterprise tax paid.
3. (c) Any unused portion of the credit or any portion of the credit limited pursuant to RSA 162-N:5, may be carried forward and allowed against business profits tax or business enterprise tax due for 5 taxable periods from the taxable period in which the tax was paid.

4. (d) Any carried-forward amount of the credit applied first against the business enterprise tax shall be considered:

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

Source. #2012, eff 5-5-82; ss by #2722, eff 5-23-84; ss by #4192, eff 12-23-86; ss by #5490, eff 10-19-92; amd by #5910, eff 10-14-94; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06; ss by #10758, eff 1-16-15; ss by #14231, eff 4-3-25, EXPIRES 4-3-35