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Through the Community Development Investment Program (CDIP), CDFA offers highly desirable tax credits to New Hampshire businesses. Nonprofit community development organizations, cooperatives, and municipalities that have been awarded CDIP funding can use these tax credits as a powerful fundraising tool. CDFA then allocates the credit to donors who support a particular project.
The tax credit may be applied against the 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.
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