More business tax cuts

Jan 03, 2018
business taxes

Thanks to strong tax revenues in 2017, New Hampshire business taxes will decrease in 2018.

The Legislature passed business tax cuts in 2016, but required revenue to meet certain benchmarks before the tax rates decrease.

In 2018 the Business Profits Tax will decrease from 8.2% to 7.9%. The Business Enterprise Tax will decrease from 0.72% to 0.675%.

Click here to learn more about the debate over business tax rates in New Hampshire.

More business tax cuts?

Feb 23, 2017

On Wednesday, February 22 the Senate heard public testimony on two bills to cut business taxes.

SB 1 would gradually cut the business profits tax from 8.2% to 7.5% by 2021. 

SB 2 would cut the business profits tax from 8.2% to 7.5% in 2017, and the business enterprise tax from 0.72% to 0.5% in 2018.  

Legislator advocates for income tax shift

Dec 24, 2016

There is almost no chance of an income tax passing the New Hampshire Legislature this year, but Rep. Paul Henle still thinks representatives should debate the issue.

Legislature considers “step up” tax

May 19, 2016

The New Hampshire House and Senate are considering two bills that change how the state taxes sales of an interest in some businesses.

Tax exemption for new businesses?

Dec 01, 2015

Several legislators are sponsoring 2016 bills that would exempt new businesses from the business profits tax and the business enterprise tax.

Rep. Jim McConnell is the primary sponsor of HB 1254, which would create a fifteen year tax exemption for manufacturing businesses that start up or relocate to Coos, Grafton, Carroll, Sullivan, or Cheshire county.

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