Gov. Hassan signs R&D tax credit bill
CONCORD, N.H. (AP) — Gov. Maggie Hassan has signed legislation aimed at helping small businesses expand and bring new products to market.
Hassan signed a bill Thursday making the 5-year-old research and development tax credit permanent and doubling the credits available to $2 million. She called it an example of the state working with businesses to boost the economy and said it will send a message to out-of-state companies that New Hampshire values innovation.
Raising the cap on the credit is a key component of Hassan’s “Innovate NH” jobs plan, and the bill passed both the House and Senate by wide margins.