The New Hampshire Senate
Republican Majority Office
Concord, NH- Senate Majority Leader Jeb Bradley (R-Wolfeboro) announced today he has filed legislation to further expand the Research and Development Tax Credit. The Legislature recently doubled the tax credit to $2 million but there is significantly more demand than that amount. Bradley’s legislation will expand the potential amount allowed to $7 million.
“Expanding the Research and Development Tax Credit is one of the most proactive and cost effective measures that New Hampshire policy makers can undertake to retain and grow our critically important advanced manufacturing high tech economy and the good jobs that depend upon it. Encouraging job growth must be a top priority for the 2015 legislative session,” he said.
Bradley said he expects the legislation will receive broad bipartisan support as well as strong support from business leaders as did similar legislation that previously expanded this tax credit.