Electronic Pledge

Tax Credit Letter and Invoices

Where would you like the Tax Credit Letter and Invoices sent to?*

If Tax Credit documentation should be sent to a specific department or contact, please indicate below. Documentation sent by CDFA includes invoices, the letter confirming receipt of the donation, and the date after which the state tax credit can be taken.

Send tax credit letter to provided company information
Send tax credit letter to another location.

Alternate Department Name*

Alternate Department Contact Name*

Alternate Department Phone*

Alternate Department Email*

Terms and Conditions

Click on the Pledge Agreement Terms and Conditions to learn more or download the form: CDFA Tax Credit Program Pledge Agreement.

CDFA TAX CREDIT PROGRAM PLEDGE AGREEMENT

WHEREAS, the Contributor pledges to donate (individually, the “Annual Donations” and collectively, the “Cash”) to CDFA for further disbursement of a portion of the Cash to Recipient in an effort to assist CDFA in providing for community development such as affordable housing, job creation and retention, and economic development pursuant to New Hampshire RSA162-L; AND in so donating the Cash, the Contributor wishes to gain an investment tax credit against taxes imposed by New Hampshire RSA 77-A, RSA 77-E, and/or RSA 400-A, or other similar taxes as authorized or to be authorized in the future by New Hampshire RSA 162-L:10; NOW, THEREFORE, in consideration of the covenants and benefits set forth herein, and as a condition of making a pledge to donate pursuant to New Hampshire RSA 162-L:10, the Contributor agrees as follows for any such donation:

1. Subject to Section 2 below, Contributor’s pledge to donate the Cash is a legally enforceable, valid and binding commitment to contribute the Cash as and when set forth on the CDFA Pledge to Donate. Either CDFA or Recipient, or both, shall have the right to enforce this Agreement and their rights at law or in equity, by bringing a legal action in court, including without implied limitation actions for specific performance or money damages.

2. Contributor pledges to donate and CDFA accepts the Contributor’s pledge to donate in cash the aggregate amount set forth on the CDFA Pledge to Donate in accordance with the schedule set forth thereon. Contributor and CDFA agree that Contributor will receive an investment tax credit in the amount of 75% of the amount of each Annual Donation pursuant to RSA 162-L:10 (the “Credit”). Contributor’s obligation to make Annual Donations shall be subject to the existence of statutory authority for the Credit.

3. CDFA shall award tax credits in exchange for Annual Donations as described in Section 2 above and shall provide all documentation necessary for the Contributor to claim such tax credits in each state fiscal year upon a first-come first-served basis. CDFA reserves the right, in its sole discretion, to accept Annual Donations in any state fiscal year in an amount that exceeds the limit set forth in New Hampshire RSA 162-L:10, IV(b). Any Annual Donation received that is not eligible for a tax credit in a given state fiscal year due to the timing of its receipt shall be carried forward to the next succeeding state fiscal year or years and shall be given priority in determining the total contributions received by CDFA that are eligible for credit in such state fiscal year pursuant to RSA 162-L:10.

4. Contributor’s pledge to make the Annual Donations is made for the purposes expressed herein, and CDFA’s ability to accept the Annual Donations, CDFA’s subsequent use or conveyance of the Cash, and the Contributor’s ability to obtain a tax credit for each Annual Donation shall at all times comply with and be limited by New Hampshire RSA 162-L, as revised from time to time.

5. Contributor agrees that it shall not enter into any agreements or arrangements with any individual, entity, or organization including, without limitation, the recipient of the Annual Donations for projects approved by CDFA, for the purpose of being reimbursed or recouping any Annual Donations that do not qualify for investment tax credits.

6. This Agreement shall supersede all prior agreements as to the subject matter hereof, shall be binding upon the successors of the parties hereto, may not be assigned or modified without the agreement, in writing, of CDFA, and shall be governed by New Hampshire law.

7. The parties shall execute such further documents and do all things necessary to carry out the terms of this Agreement.

8. Contributor shall be solely responsible for examining the state and federal tax laws with respect to this donation. CDFA has made no representations with respect to the tax effects of this donation other than those made in this Agreement. Contributor has relied on its own accountants and tax counsel in analyzing the tax effects of this donation.

9. The prevailing party in any legal action to enforce this Agreement and collect the Annual Donations shall be entitled to reasonable attorney’s fees and costs.

By my signature below, I hereby agree to be bound by the terms of the Pledge Agreement. Contributor agrees to these terms as of the date of receipt of any pledge to donate to CDFA.

Agreement with Terms and Conditions*

By my electronic signature, I hereby agree to be bound by the terms of the CDFA Tax Credit Program Pledge Agreement [link]. Contributor agrees to these terms as of the date of receipt of any pledge to donate to CDFA. I understand that checking this box constitutes a legal signature confirming that I understand and agree to the terms and conditions of the CDFA Tax Credit Program Pledge Agreement.

I agree to the terms and conditions

Electronic Pledge