Screen NHBCr - New Hampshire Business Credits (1040)

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Overview

Information entered in this section is used to complete Form DP-160, Schedule of Credits, and the BET Credit Worksheet. Enter amounts for each credit. Carryover amounts are entered on the
NHBCrCO
screen. These are used to calculate Forms DP-160, NH-1040, and Form BET.

DP-160 Credits

Use this section to complete Form DP-160, Schedule of Credits. Credits are used in the following order:
  • Insurance Premium Tax Credit,
  • Education Tax Credit,
  • Coos County Tax Credit,
  • CFDA - Investment Tax Credit,
  • Economic Revitalization Zone Tax Credit, and
  • Research and Development Credit.
CFDA - Investment Tax Credit (ITC): Utilized for Insurance Premium Tax
Enter new CFDA Investment Tax credit on this screen and the carryover of prior year credits on the
NHBCrCO
screen. The carryover credit that's calculated on Form DP-160 proformas each year to the
NHBCrCO
screen.
Enter the net of the new credit and the carryover credit amounts that were utilized for the insurance premium tax credit. This will reduce the carryover going forward to .

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