This bill amends current law to increase the aggregate value of research and development tax credits from $7,000,000 to $10,000,000 for any fiscal year, and raises the hard cap on the tax credit an entity can claim from $50,000 to $100,000. Additionally, it introduces provisions regarding state park fees, mandating that entry fees for New Hampshire residents be no more than 50% of those charged to nonresidents. The commissioner of the department of natural and cultural resources is also authorized to establish separate fee schedules for specific uses within state parks, such as camping and facility rentals, ensuring that residents are charged no more than 90% of the fees for nonresidents.

Furthermore, the bill allows for discounted or waived rates for veterans and school or student groups, recognizing their service and educational purposes. The effective dates for the various sections of the bill are staggered, with the tax credit changes taking effect on January 1, 2027, the state park fee provisions on July 1, 2027, and the remainder of the act on January 1, 2028.

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
CHAPTERED FINAL VERSION: 77-A:5, 216-A:3-g
HB1102 text: 77-A:5