US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

Home » US Law » 2022 New Hampshire Revised Statutes » Title V - Taxation » Title 77-G - Education Tax Credit

Section 77-G:1 – Definitions.

    77-G:1 Definitions. – The following definitions shall apply in this chapter: I. " Adequacy cost " means the total cost of the opportunity for an adequate education as defined in RSA 198:40-a. II. " Adequacy grant " means the grant calculated under RSA 198:41, or for a chartered public school, the amount calculated under […]

Section 77-G:10 – Severability.

    77-G:10 Severability. – If any provision of this chapter or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the chapter which can be given effect without the invalid provision or application, and to this end the provisions of this chapter are […]

Section 77-G:2 – Scholarships.

    77-G:2 Scholarships. – I. (a) An eligible student may receive a scholarship to attend (1) a nonpublic school, except when the student has been placed by the local school district through the special education process; (2) a public school located outside of the school district in which the student resides and for which the […]

Section 77-G:3 – Contributions to Scholarship Organizations.

[RSA 77-G:3 effective until January 1, 2027; see also RSA 77-G:3 set out below.]     77-G:3 Contributions to Scholarship Organizations. – For each contribution made to a scholarship organization, a business organization, business enterprise, or individual may claim a credit equal to 85 percent of the contribution against the business profits tax due pursuant to […]

Section 77-G:4 – Tax Credits.

    77-G:4 Tax Credits. – I. The aggregate of tax credits issued by the commissioner of the department of revenue administration to all taxpayers claiming the credit shall not exceed $5,100,000 for a program year. II. The credit issued to a business organization or business enterprise, or any unused portion thereof, may be carried forward […]

Section 77-G:5 – Scholarship Organizations.

    77-G:5 Scholarship Organizations. – I. A scholarship organization shall: (a) Provide scholarships from eligible contributions to eligible students to defray educational expenses. (b) Not restrict or reserve scholarships for use at a single nonpublic school and not restrict or reserve a scholarship for a specific student or a specific person. (c) Verify a student’s […]

Section 77-G:6 – Department of Revenue Administration; Requirements.

    77-G:6 Department of Revenue Administration; Requirements. – I. The department of revenue administration shall: (a) Develop, and annually verify and update, by February 1, a list of eligible nonprofit scholarship funding organizations that meet the requirements of this chapter. The department shall post this list on the department’s Internet website and update the list […]

Section 77-G:7 – Department of Education; Requirements.

    77-G:7 Department of Education; Requirements. – I. The department of education shall determine the number of students receiving a scholarship under RSA 77-G:1, VIII(a)(1) and (2) who were counted in the calculation of the average daily membership in attendance, as defined in RSA 198:38, I, for schools, other than chartered public schools, for the […]

Section 77-G:8 – Scholarship Stabilization Grant.

    77-G:8 Scholarship Stabilization Grant. – I. For each school district, the department of education shall calculate the combined amount of reductions in adequacy cost pursuant to RSA 77-G:7 from students receiving scholarships under RSA 77-G:1, VIII(a)(1) and who were in attendance in that district in the year prior to receiving the scholarships. If this […]

Section 77-G:9 – Exceptions.

    77-G:9 Exceptions. – I. A receiving nonpublic school or home education program that accepts students benefiting from scholarships, grants, or tax credits shall not be considered an agent of the state or federal government as a result of participating in the program established in this chapter. II. Except as provided in this chapter, or […]