1. (a) A taxpayer granted an education tax credit under RSA 77-G may use the amount approved against its interest and dividends tax liability for the tax year during which the corresponding donation was made, after receiving a Form ED-03, “Education Tax Credit Scholarship Receipt.”
2. (b) No portion of the education tax credit which is not used to offset the taxpayer’s liability under the interest and dividends tax, the business profits tax, or the business enterprise tax, for the tax year during which the corresponding donation was made, shall be carried forward against the interest and dividends tax.
3. (c) Every taxpayer using an education tax credit against its interest and dividends tax liability shall attach a copy of the Form ED-03 to its interest and dividends tax return, in accordance with Rev 3204.01(c).

Source. #12883, eff 9-27-19; ss by #13443, eff 8-12-22