Corporate Taxes

Corporate Taxes in New Hampshire

New Hampshire has two Corporate Taxes. These are the Business Profits Tax and the Business Enterprise Tax. Together, they account for approximately 39% of yearly State Government Revenue, making it about four times the next largest revenue source for the state.

Business Profits Tax

BPT acts as an income tax on sole proprietors. Over the past 7 years, liberty-lovers in New Hampshire have managed to beat back the 8.5% Business Profits Tax down to 7.5%. This tax has been aggressively targeted by pro-liberty legislators and citizen groups and is on the docket for further reduction in the future.

Business Enterprise Tax

New Hampshire has a Business Enterprise Tax of 0.55%.