NEW HAMPSHIRE BUSINESS TAXES

By , January 23, 2018 12:38 pm

For New Hampshire business lawyers and accountants and others who may be interested:

The New Hampshire Department of Revenue Administration has confirmed that for tax periods ending on or after December 31, 2018, the business profits tax rate is decreased to 7.9% (previously 8.2%) and the business enterprise tax rate is decreased to 0.675% (previously 0.72%). These decreases were contingent upon state revenue collections reaching a specified threshold by June 30, 2017. The Legislative Budget Assistant has now confirmed the threshold was met.

Please note that 2017 New Hampshire legislation added two further rate reductions for tax periods ending on or after December 31, 2019 and for tax periods ending on or after December 31, 2021.

See Technical Information Release TIR #2018-001, New Hampshire Department of Revenue Administration, January 5, 2018.

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