Bill > SB98

This bill extends the authorization for school districts to accept charitable donations to support regional career and technical education (CTE) center programs by changing the repeal date from June 30, 2026, to June 30, 2031. Specifically, the bill modifies existing legislation to allow continued tax credits for businesses that make qualifying donations to these educational programs. The tax credits are available against the Business Profits Tax (BPT), with a maximum aggregate credit of $500,000 per fiscal year. Businesses can claim up to 25% of their BPT liability through these credits, and the credit can only be used in the tax year of the donation or potentially the following fiscal year, depending on the taxpayer's specific tax period. The Department of Revenue Administration notes that donation amounts have been increasing annually, with the 2024-2025 program year seeing total donations of $618,420. The bill is expected to have an indeterminable but limited fiscal impact, with potential revenue decreases to the General Fund and Education Trust Fund not exceeding $500,000 in any fiscal year between 2027 and 2032.

Education

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=1101&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=SB98