Tax Credit Program
Our most popular financial offering, the Tax Credit Program brings together worthy nonprofit projects and conscientious businesses to foster community development. Put another way, it lets businesses vote with their dollars about which programs mean the most to them and their communities.
Also known as the Community Development Investment Program (CDIP), CDFA gives a 75% state tax credit against a donation made to any approved project. The tax credit may be applied against the New Hampshire business profits tax, business enterprise tax, and/or the insurance premium tax. The donation also may be eligible for treatment as a state and federal charitable contribution. In most cases, businesses only pay about 11 cents on the dollar for their contribution.
Sounds interesting, right? Dig into the details by going here.
Required reporting for CDFA awardees must be completed and submitted today.
The Board of Directors of CDFA will consider applications for the 2015 tax credit program
Applications from communities interested in CDBG HS/PF must be submitted by today's deadline.
CDFA will hold a press conference to announce tax credit projects selected for FY 16 & 17
The Community Development Advisory Committee will consider the latest applications for CDBG grants.