Last week, New Hampshire governor, Sununu, signed omnibus bill HB 1558<http://gencourt.state.nh.us/bill_status/billText.aspx?sy=2020&id=1725&txtFormat=html>.
Among the many different areas address in the bill, the extension of the ERZ program was of particular interest to BEA and for many Seacoast communities that have zones. Essentially it does three things:
* Extends the program to Jan. 1, 2028;
* Clarifies language that simpifies the processing of the applications at BEA; and
* Extends the announcement deadline from March 10 to March 31.
This will not affect how you get zones approved or how you market them. Also, it does not add any additional tax credits beyond the $825,000 currently in the program.
