CHAPTER 188-E REGIONAL CAREER AND TECHNICAL EDUCATION (CTE)
Section 188-E:9-a
[RSA 188-E:9-a repealed by 2019, 247:1, effective June 30, 2026.]
188-E:9-a Donations to Regional Career and Technical Education Center Programs. –
I. For purposes of this section "state fiscal year" shall mean the year beginning July 1 and ending June 30.
II. A school district may accept a charitable donation of:
(a) Up to 50 percent of the cost of apprenticeship and training programs offered by the regional CTE center, including the compensation of employees in direct supervision and training of students in a CTE center program.
(b) Up to 50 percent of the salary paid to interns, apprentices, and trainees enrolled in a CTE center program.
(c) Tangible personal property for a related use by an educational program offered by the regional CTE center.
III. The school district shall report within 30 days the donor name and the value of each charitable donation under paragraph II to the department of education.
IV. A donor who makes a qualifying charitable contribution under paragraph II shall be allowed a credit against the business profits tax imposed under RSA 77-A as computed by the department of education in paragraph V.
V. On or before August 1 of each year, the department of education shall compute the amount of tax credits available from the donations made during the prior state fiscal year. The aggregate of tax credits issued by the department of education to all donors claiming the credit under this section shall not exceed $500,000 for any state fiscal year. Credits claimed which exceed the total allowed shall be granted in the donor's proportional share of the maximum aggregate credit amount. On or before October 1 of each year, the department of education shall report all credits issued to the department of revenue administration.
VI. On or before September 1 of each year, the department of education shall provide a donor with a written statement of the amount of tax credit available which may be used by a donor for purposes of the tax credit against business profits taxes provided in RSA 77-A:5, XVI, computed according to paragraph V.
VII. No later than January 1, 2020, the commissioner of the department of education shall adopt rules pursuant to RSA 541-A, relative to:
(a) The administration of the issuance of tax credits for qualifying charitable donations under this section.
(b) The design and content of the reports, forms, and statements required to be filed with, or issued by, the department of education under this section.
VIII. On or before October 1 of each year, the department of education shall report to the speaker of the house of representatives, the senate president, and the chairpersons of the house and senate ways and means committees on the total value of charitable donations received by school districts under this section, the tax credits issued to all donors, and the department's determination of the effect the tax credit program has on educational programs offered by CTE centers and their apprenticeship and training programs.