TITLE XII
PUBLIC SAFETY AND WELFARE
Chapter 162-Q
COOS COUNTY JOB CREATION TAX CREDIT
Section 162-Q:1
162-Q:1 Definition. –
I. In this chapter "qualified tax credit employee" means a new, full-time, year-round employee hired in Coos county for work directly in one or more business activities for which actual wages paid are equal to or greater than 150 percent of the current state minimum wage. "Qualified tax credit employee" does not include an employee who is:
(a) Shifted to a new position because of a merger, acquisition, or restructuring; or
(b) Laid-off and rehired within 270 days to the same or similar position.
(c) Not on the employer's payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period.
II. For the purposes of calculating wages paid to the employee under paragraph I, the amount paid by the employer for medical and dental health care benefits for the employee shall be included in the amount of actual wages paid.
Source. 2008, 172:4, eff. June 9, 2008.
Section 162-Q:2
162-Q:2 Approval and Certification. –
The commissioner of the department of business and economic affairs, in consultation with the commissioner of the department of revenue administration, shall develop application forms with which taxpayers may apply for the job creation tax credit. The forms shall be submitted by taxpayers to the commissioner of the department of business and economic affairs, and the commissioner shall approve or deny such application and certify to the commissioner of the department of revenue administration the total credit awarded to each business organization that hires qualified tax credit employees.
Source. 2008, 172:4, eff. June 9, 2008. 2017, 156:14, II, eff. July 1, 2017.
Section 162-Q:3
162-Q:3 Reports. –
The commissioner of the department of business and economic affairs shall file a report detailing the implementation of the tax credit program under RSA 77-E:3-c and the results achieved. This report shall be filed with the president of the senate, the speaker of the house of representatives, and the governor on or before July 31 of each year, beginning with July 31, 2009. The report shall include the following:
I. Methods and activities used to implement the tax credit program.
II. The number and type of jobs created in Coos county.
III. The total amount of tax credits awarded.
IV. Other information as deemed relevant.
Source. 2008, 172:4, eff. June 9, 2008. 2017, 156:14, II, eff. July 1, 2017.