New Hampshire Revenue Department Issues Information on Average Scholarship Value for Education Income Tax Credit

The New Hampshire Department of Revenue Administration April 22 issued a technical information release to provide the adjusted allowable average value of Education Tax Credit scholarships for individual income, trust income, and corporate income tax purposes. The 2022-2023 program year begins July 1, 2022, and ends June 30, 2023. The department annually adjusts the average allowable value of the scholarships to reflect the average change in the consumer price index. The average change is calculated using the calendar year ending 12 months before the beginning of the program year. The change during the relevant period was 1.78 percent. As a ...