The Education Tax Credit (ETC) program offers New Hampshire businesses an opportunity to support school choice while benefiting from significant tax savings. Through this program, businesses can donate to the Children’s Scholarship Fund (CSF) to help fund K-12 scholarships for low- and middle-income families in New Hampshire and receive an 85% Education Tax Credit against the Business Profits Tax (BPT) and Business Enterprise Tax (BET).
How NH Businesses Can Benefit
- Businesses can receive an 85% tax credit against BPT and BET for donations made to CSF.
- The Interest & Dividends (I&D) tax credit has been sunset, but BPT and BET credits remain available.
- Donations may also help reduce federal tax liability.
Deadlines & Application Process
Businesses interested in participating in the Education Tax Credit program for the 2025-2026 school year must adhere to the following deadlines:
- May 31, 2025: Deadline to submit the Education Tax Credit Application (ED-02) to the NH Department of Revenue Administration.
- June 30, 2025: Donations to the Children’s Scholarship Fund must be postmarked by this date.
For more information: Education Tax Credit Program
How to Apply
Applying for the Education Tax Credit is simple and efficient, especially when using the online Granite Tax Connect system.
Step-by-Step Guide:
- Fill out and submit the ED-02 application to the NH Department of Revenue Administration by May 31, 2025.
- Wait for approval from the NH Department of Revenue.
- Make a donation to the Children’s Scholarship Fund by June 30, 2025.
- Receive your ED-03 tax credit certificate after funds are received.
- Apply the 85% credit when filing your business taxes.
The Granite Tax Connect online system offers a faster and more convenient way to apply and make payments using Direct Debit.
Why Support the Education Tax Credit Program?
By participating in the Education Tax Credit program, businesses can:
- Support school choice for NH families.
- Directly impact the education of children in need.
- Receive substantial tax benefits.
- Invest in the future workforce and economy of New Hampshire.
Take Action Today!
New Hampshire businesses have the power to make a difference in the lives of students while receiving a generous tax credit. Don’t miss this opportunity—apply now and contribute before the deadlines! For more information and to apply, visit: Children’s Scholarship Fund Tax Credit Program.
This blog post contributed by Tom Luther
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