Do you want to help empower more new Americans to start and grow small businesses in New Hampshire?

Here is how you can.

The CDFA Tax Credit program allows you to direct your tax dollars to a specific cause. This is a great way to leverage your resources to make a big impact at a low cost to your business.

 

REDC is working to obtain a Tax Credit allocation, which would allow companies to support the NH New Americans Loan Fund, a invaluable program you can learn more about here

 

You will get back 25% of your purchase in tax credits and with the entire donation being tax deductible, it can cost a company less than $.11 on the dollar. 

Depending on your businesses tax situation, this program typically costs between $.15 - $.10 on the dollar, allowing for tremendous leverage of your donation.

The tax credit may be applied against the donating company's business profits tax, business enterprise tax, and/or the insurance premium tax. 

 

The contributing company may carry forward the credit for up to five years. The company can select which business tax and how much of their credit to apply towards their taxes in any given year. 

Learn more about the CDFA tax program. 

Use the tax calculator to find the net cost of your donation.

If you are interested in purchasing tax credits to support the NH New Americans Loan Fund Tax Credit Program, should it be approved by the CDFA, please complete this intent of support form. Thank you. 

More on anticipated

donor levels

below.

REDC is working to obtain a Tax Credit program, which would allow companies to donate to the NH New Americans Loan Fund through the CDFA Tax Credit Program.

 

You could get at least 75% of a contribution back in the form of a state business tax credit.

Through the program, also known as the Community Development Investment Program (CDIP), CDFA grants state tax credit awards on a competitive basis to qualified organizations for specific projects or programs. CDFA is attracted to innovative projects that show a high degree of community support, build partnerships, and leverage other funds. 

If a donor makes a $10,000 donation to CDFA on behalf of the NH New Americans Loan Fund project, your company will receive a state tax credit in the amount of $7,500. The tax credit may be applied against the donating company's business profits tax, business enterprise tax, and/or the insurance premium tax. The contributing company may carry forward the credit for up to five years. The company can select which business tax and how much of their credit to apply towards their taxes in any given year. 

Anticipated

Intent of Support

57 Main Street

Raymond NH 03077

 

(p) 603.772.2655

(f) 603.772.0213

info@redc.com

Non-Discrimination Policy The REDC is an equal opportunity employer. The REDC prohibits discrimination on the basis of race, color, national origin, sex, sexual orientation, religion, age, disability, marital or family status.

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