New Hampshire  
                                                                            2023                                SCHEDULE OF CREDITS
                             Department of  
                         Revenue Administration                            DP-160                               GENERAL INSTRUCTIONS

WHEN TO USE   
Use the Form DP-160 to report credits taken pursuant to RSA 77-A:5, RSA 162-L, RSA 162-N, RSA 162-P, RSA 162-Q, RSA 77-G, RSA 400-A, and RSA 188-E. Form DP-160, 
SCHEDULE OF CREDITS should only be used if the business organization or business enterprise has credits available in addition to the Business Enterprise Tax (BET) 
Credit. 
Do not complete Form DP-160 if the only credit available is the BET Credit.  
NOTE: The application of credits to business organizations included in a Water's Edge Combined Group should be done in accordance with New Hampshire Code of 
Admin Rules, Rev. 306.06. A schedule must be filed with Form DP-160 when a combined filer claims any credit AND more than one member of the combined group is 
subject to Business Profits Tax (BPT). This separate schedule must show the Rev 306.06 calculations and application of credit.   

CALCULATION OF CREDITS AVAILABLE  
Calculate the credits available for application against the BET and BPT by first completing the credit analyses on Parts C through  Jof this form, and then complete Parts 
A and B (BET Summary of Credits and BPT Summary of Credits). Each line in Parts A and B corresponds to the appropriate credit analysis from Parts C through J. Once 
the Summary of Credits are complete for both BET and BPT, report the results on the Form BET and/or the  applicable New Hampshire BPT return, as appropriate.   

CONFIDENTIAL INFORMATION   
Tax information disclosed to the New Hampshire Department of Revenue Administration is held in strict confidence by law. The information may be disclosed to the  
United States Internal Revenue Service, agencies responsible for the administration of taxes in other states in accordance with compacts for the exchange of  
information, and as otherwise authorized by RSA 21-J:14.   

TAXPAYER IDENTIFICATION  
The Commissioner of the Department of Revenue is authorized pursuant to RSA 21-J:27-a to require submission of an SSN, FEIN, or any other identifying number used  
in filing or preparing federal tax documents. If you do not have any such identifying number, or share one with another taxpayer, then, under N.H. Code of Admin.  
Rules, Rev 2903.01, you must obtain a Department Identification Number (DIN). If you have a DIN, use it on all New Hampshire filings. To ensure that your filings and  
payments are applied to the correct account, the sequence of names and taxpayer ID numbers on all filings must be consistent. The failure to provide a taxpayer  
identification number may result in the rejection of filed documents. Failure to timely file documents complete with a consistent taxpayer identification number may  
result in the imposition of penalties and interest, the disallowance of claimed exemptions, exclusions, credits, deductions, or an adjustment that may result in 
increased  tax liability.    

NEED FORMS?
To obtain additional forms, you may visit our website at www.revenue.nh.gov or call the Forms Line at (603) 230-5001.

NEED HELP?
Call the Department of Revenue Administration, Taxpayer Services at (603) 230-5920. Individuals with hearing or speech impairments may call TDD Access: Relay NH 
1-800-735-2964.

DP-160 Instructions 2023 
Version 1    2 1 /2023                                                                                                                                      Page 1 of 4

                         New Hampshire  
                                                                            2023                               SCHEDULE OF CREDITS
                               Department of  
                         Revenue Administration                             DP-160                     LINE-BY-LINE INSTRUCTIONS

NAME AND TAXPAYER IDENTIFICATION NUMBERS   
Enter the business organization's name and taxpayer identification number in the spaces provided.  
Enter the beginning and end dates of taxable period.  

SECTION A - BET SUMMARY OF CREDITS
LINE 1
Enter the amount of the Coos County Credit reported on Part F, Line 3 of this form. 
LINE 2 
Enter the amount of the Economic Revitalization Zone Tax Credit (ERZ) reported on Part D, Line 4 of this form. 
LINE 3
Enter the amount of the Community Development Finance Authority (CDFA) - Investment Tax Credit (ITC) reported on Part E, Line 4 of this form.  
LINE 4
Enter the subtotal of Lines 1 plus 2 plus 3. This result is considered BET paid and can be used as a credit against BPT. This result is also combined with Line 7 of the BET 
return and reported on Part B, Line 7 below and on the BET Credit Worksheet of the BET return, Line 3, Column A.  
LINE 5
Enter the amount of the Research and Development Tax Credit (R&D) reported on Part C, Line 3 of this form.  
LINE 6
Enter the amount of the Education Tax Credit reported on Part G, Line 3 of this form.
LINE 7
Enter the amount of the Granite State Paid Family and Medical Leave Plan Tax Credit reported on Part J, Line 2 of this form. 
LINE 8
Enter the subtotal of Lines 5 through Line 7.   
LINE 9
Enter the total of Line 4 plus Line 8. This amount is the credits against BET paid. Report the amount on the BET return, Line 6.  

SECTION B - BPT SUMMARY OF CREDITS
LINE 1
Enter the amount of the R&D credit reported on Part C, Line 2 of this form. 
LINE 2
Enter the amount of the ERZ credit reported on Part D, Line 3 of this form. 
LINE 3
Enter the amount of the ITC reported on Part E, Line 3 of this form. 
LINE 4
Enter the amount of the Coos County Credit reported on Part F, Line 4 of this form. 
LINE 5
Enter the amount of the Insurance Premium Tax Credit reported on Part H, Line 2 of this form. 
LINE 6
Enter the amount of the Education Tax Credit reported on Part G, Line 2 of this form. 
LINE 7
Enter Line 3, Column B of the BET Credit Worksheet of the BET return. 
LINE 8
Enter the amount of the Career and Technical Education Centers Tax Credit reported on Part I, Line 2 of this form. 
LINE 9
Enter the total of Lines 1 through 8. If there is no BET carryover credits, enter this amount on NH-1040, NH-1041, NH-1065, and NH-1120, Line 11(b) or NH-1120-WE, 
Line 19(b). If there are BET carryover credits complete Lines 10(a) through 10(f) and Line 11.   
LINE 10(a)  
Enter the carryover from the ninth prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 4, Column B). 
LINE 10(b)  
Enter the carryover from the eighth prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 5, Column B ).    
LINE 10(c)  
Enter the carryover from the seventh prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 6, Column B ).   
LINE 10(d)  
Enter the carryover from the sixth prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 7, Column B ).  
LINE 10(e)   
Enter the carryover from the fifth prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 8, Column B ).   

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                         New Hampshire                                                                              SCHEDULE OF CREDITS
                                                                                 2023
                               Department of                                                               LINE-BY-LINE INSTRUCTIONS
                         Revenue Administration                                 DP-160                                         (continued)

LINE 10(f) 
Enter the carryover from the fourth prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 9, Column B ).
LINE 10(g)   
Enter the carryover from the third prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 10, Column B ).
LINE 10(h)   
Enter the carryover from the second prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 11, Column B ). 
LINE 10(i)  
Enter the carryover from the first prior taxable period to be applied to offset BPT (Form BET Credit Worksheet, Line 12, Column B ). 
LINE 10(j) 
Enter the sum of Lines 10(a) through 10(i). This is the BET credit carryover to be used to offset BPT.
LINE 11
Enter the sum of Lines 9 and 10(j). This is the credit available to be used to offset the current period's BPT. The credit may not exceed the current period's BPT. Any 
excess should be reported on BET Credit Worksheet Line 3 through Line 12, Column C. Enter the amount to be  applied to offset BPT on NH-1040, NH-1041, NH-1065, 
and NH-1120, Line 13(b) or NH-1120-WE, Line 20(b). 

BET - STATUTORY CREDITS DP-160, CALCULATION OF INDIVIDUAL CREDITS
SECTION C - RESEARCH & DEVELOPMENT TAX CREDIT (RSA 162-P, RSA 77-A:5, XIII, AND RSA 77-E:3-b)
The amount of credit awarded by the Department with taxpayer's application (Form DP-165) pursuant to RSA 77-A:5, XIII. Attach a copy of the award letter received 
from the Department. 
LINE 1
Enter the amount of the R&D credit available. 
LINE 2
Enter the amount of the R&D credit used against the BPT.   
LINE 3
Enter the amount of any remaining R&D credit unused against the BPT in Line 2 above to be used against the BET.  
LINE 4
Enter the sum of Line 2 plus Line 3. This is the total R&D credit used this tax period.   
LINE 5
Enter the sum of Line 1 minus Line 4. This is the amount of the remaining R&D credit not applied against the BPT or BET and available for offset in the future.  

SECTION D - REVITALIZATION ZONE (ERZ) TAX CREDIT (RSA 162-N)
The ERZ Tax Credit may be utilized as a credit against BPT or BET. The ERZ Credit shall be applied first against BPT. Any amount applied against BPT shall not  be 
available as a credit against BET. Pursuant to RSA 162-N:5, the maximum credit which may be utilized against BPT and BET in any taxable period  shall not exceed 
$40,000. Any ERZ Credit applied against BET shall be considered BET paid and available as a credit against BPT only to the extent it is a credit against BET. The NH 
Department of Business and Economic Affairs awards the ERZ Credit pursuant to RSA 162-N. Attach a copy of the award letter from New Hampshire Department of 
Business and Economic Affairs. 

SECTION E - CDFA CREDIT (INVESTMENT TAX CREDIT (ITC) RSA 162-L:10 & RSA 77-A:5, XI)
Enter the amount of any Community Development Finance Authority Investment Tax Credit claimed pursuant to RSA 162-L:10. The amount of the credit shall not 
exceed the lesser of the total BET liability or $200,000 for tax periods ending prior to July 1, 1999 or $1,000,000 for tax periods ending after June 30, 1999. If you also 
claim this credit on your BPT or other tax form(s), the combined total shall not exceed $200,000 for tax periods ending prior to July 1,1999 or $1,000,000 for tax periods 
ending after June 30, 1999.  Any unused portion of the credit may be carried forward for no more  than 5 succeeding tax years, but shall not exceed $1,000,000 in any 
tax year. 
NEW INVESTMENT TAX CREDIT
An investment tax credit equal to 75% of the contribution made to the CDFA during the contributor's tax year shall be allowed against any of  the following 
individually or in combination:   
a) Taxes imposed by RSA 77-A 
b) Taxes imposed by RSA 400-A 
c) Taxes imposed by RSA 77-E 
Credits provided by this section applied against the liabilities imposed by RSA 400-A and RSA 77-E shall be deemed to be taxes paid for the purpose of  RSA 77-A:5, III 
and X, respectively. Attach a copy of the award letter from New Hampshire Community Development Finance Authority.   
If any portion of the CDFA-Investment Tax Credit is claimed on Part A, Line 3 of the DP-160, or claimed as a credit against the New Hampshire Insurance 
Premium Tax, then the combined total of the CDFA credit shall not exceed $1,000,000. 

SECTION F - COOS COUNTY JOB CREATION TAX CREDIT (RSA 162-Q, RSA 77-E:3-c, AND RSA 77-A:5, XIV)
Enter the amount of any Coos County Job Creation Tax Credit claimed as authorized by the New Hampshire Department of Business and Economic Affairs (BEA) 
pursuant to RSA 162-Q. (BEA Form CJCTC-1A). 

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                          New Hampshire                                                                     SCHEDULE OF CREDITS
                                                                           2023
                           Department of                                                                 LINE-BY-LINE INSTRUCTIONS
                         Revenue Administration                            DP-160                                       (continued)

The Coos County Job Creation Tax Credit should be applied first against BET and the unused portion of the credit shall be available to be applied against BPT. Any 
credit applied against BET is considered BET paid under RSA 77-E. Any unused portion of the credit shall be carried forward up to five years. Unused carried forward 
Coos County Job Creation Tax Credit shall be used before any other available carried forward credit.

SECTION G - EDUCATION TAX CREDIT (RSA 77-G, RSA 77-A:5, XV, AND RSA 77-E:3-d)
Enter the amount approved by the Department per RSA 77-G.  RSA 77-G establishes an Education Tax Credit for contributions made by a business organization/
enterprise or individual to a Scholarship Organization. The tax credit is equal to 85% of the contribution against the Business Profits Tax, Business Enterprise Tax, or 
Interest and Dividends Tax or apportioned against each. The total tax credit granted shall not exceed the maximum Education Tax Credit allowed. The Education Tax 
Credit is not deemed taxes paid for the purpose of RSA 77-A:5, X (RSA 77-E). Scholarship Receipt Form ED-03 must have been received before the tax credit can be 
used. Any unused portion of the credit may be carried forward, for business taxes only, for no more than 5 succeeding taxable periods, but shall not exceed $1,000,000 
in any given taxable period per RSA 77-G:4, II. 

SECTION H - INSURANCE PREMIUM TAX CREDIT FOR TAXES PAID UNDER RSA 400-A (RSA 77-A:5, III)
A business organization which is also subject to the tax imposed under a creditable tax shall be allowed a credit against its Business Profits Tax liability for the 
Insurance Premium Tax liability paid on the related return for the prescribed due date that falls within its taxable period for BPT purposes. If the taxable period for the 
BPT is different from that for the creditable taxes, then the business organization shall be allowed the credit for the taxable period that ends within the tax period for 
BPT purposes. For example, a BPT calendar year 2020 filer would be allowed a credit for the total creditable tax liability paid on the 2019 return due in March 2020. 
Enter the total amount of taxes paid pursuant to RSA 400-A, Taxation of Insurance Companies.

SECTION I - CREDIT FOR DONATION TO CAREER AND TECHNICAL EDUCATION CENTERS (RSA 77-A:5, XVI)
RSA 188-E:9-a establishes a tax credit against BPT for qualifying charitable donations to career and technical education centers administered by the Department of 
Education. The maximum amount of tax credits that could be issued to all donors for any stat fiscal year is $500,000. A taxpayer may only use the credit in the tax year 
during which it made the donation, and only in an amount up to 25% of the taxpayer's BPT due before credits.

SECTION J - GRANITE STATE PAID FAMILY AND MEDICAL LEAVE PLAN TAX CREDIT (RSA 77-E:3-e)
The credit allowed against BET is an amount equal to 50% of the premium paid by a sponsoring employer for family and medical leave insurance coverage offered to 
employees pursuant to RSA 21-I:103 for the taxable period in which the premium is paid. The premiums paid, on which this credit is calculated, shall be for the benefits 
within the scope of the Granite State Paid Family and Medical Leave Plan as described in RSA 21-I:99 through RSA 21-I:111. The wage replacement benefits under the 
plan for which the qualifying premiums are paid shall not exceed wage replacement benefits of 6 weeks per year, as per RSA 21-I, 102, III(b). 

DP-160, SUMMARY OF CREDITS
From the Calculation of individual credits for BET and BPT, complete the BET and BPT Summary of Credits. Each line in the Summary corresponds to the appropriate 
credit analysis. Once the Summary of Credits is complete for both the BET and BPT, report the result on the Form BET and/or the applicable BPT return.

DP-160 Instructions 2023                                                                                                                                    Page  4of      4
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