relative to economic revitalization zone tax credits.

SB 404 modifies New Hampshire's economic revitalization zone tax credit program. It increases the annual credit limit from $825,000 to $1,000,000 and raises the maximum credit per business from $40,000 to $50,000. Businesses creating new jobs in designated zones qualify for tax credits: 4-5% of wages for jobs paying up to 2.5x the state minimum wage, plus 5% of facility renovation costs (capped at $20,000 per job). The bill also extends zone reevaluation from every 5 to 8 years and adjusts carry-forward rules for unused credits. These changes directly affect businesses seeking tax incentives for job creation and facility investments in revitalization zones.