This bill proposes several amendments to current laws regarding research and development tax credits and state park fees. Specifically, it increases the aggregate value of research and development tax credits from $7,000,000 to $10,000,000 and raises the maximum credit amount per entity from $50,000 to $100,000. Additionally, the bill mandates that state park entry fees for New Hampshire residents cannot exceed 50% of the fees charged to nonresidents. It also allows for separate fee schedules for specific uses within state parks and permits discounted or waived rates for veterans and school or student groups.

The bill includes new legal language that establishes these changes, such as the requirement for the commissioner of the Department of Natural and Cultural Resources to set the reduced fees for residents and the ability to create differentiated pricing for various park services. The effective dates for these changes are staggered, with the tax credit amendments taking effect on January 1, 2026, and the state park fee provisions starting on July 1, 2027. The fiscal impact of these changes is indeterminable, with potential decreases in revenue from the tax credits and varying effects on state park fund revenues based on visitor behavior and fee adjustments.

Statutes affected:
Introduced: 77-A:5
As Amended by the Senate: 77-A:5, 216-A:3-g
As Amended by the Senate (2nd): 77-A:5, 216-A:3-g
Version adopted by both bodies: 77-A:5, 216-A:3-g
HB1102 text: 77-A:5