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NH TAX CREDIT FOR

DONATION OF
PROPERTY, TRAINING, COMPENSATION TO CTE CENTERS

On July 1, 2019 RSA 188 –E: 9-a came into effect allowing for businesses donating time, money, and goods to CTE (career & technical education) centers to receive tax credit against business profit taxes for:

  • Up to 50% of salaries of students and supervisors participating in work-based learning experiences
  • Up to 100% for supplies and equipment donated for related use to a regional CTE program
  • Up to 50% of the cost of apprenticeship and training programs offered by the regional CTE center, including the compensation of employees and direct supervision and training of students in a CTE center program.

What should I expect?

  • Donation forms SHOULD be submitted within one month of completion of donation activity but MUST be completed by the end of June.
  • You will receive a letter of donation  by September 1st
  • On or before October 1st of each year the DOE shall report all credits issued to the Department of Revenue Administration.

What are examples of “donations” that qualify under this credit?

  • Costs associated with pre-apprenticeship and training programs (cost for development, salaries for supervisors of students, etc…)
  • Salaries paid to interns, apprentices, and trainees
  • Tangible property donated to a program in the CTE center