Get New Hampshire Department Of Revenue Bpt Return Form

NH has two corporate taxes: the Business Profits Tax (BPT) and the Business Enterprise Tax (BET). The BPT rate is 8.5% of income for corporations with gross receipts over $50K. The BET rate is 0.75% on the enterprise value tax base (total compensation paid out, including dividends and interest).

Every business organization with gross business income from all business activities of more than $50,000 must file a BPT return. For taxable periods ending on or after December 31, 2022, this filing threshold is increased to $92,000. The Business Enterprise Tax ("BET") was enacted in 1993.

Any business organization, organized for gain or profit carrying on business activity within the State is subject to this tax. However, organizations with $50,000 or less of gross business income from all their activities are not required to file a return.

The income apportioned to New Hampshire is then taxed at the current BPT rate of 7.7 percent. Any company with gross receipts in excess of $50,000 is required to file a BPT return. For tax years ending on or after Dec. 31, 2022, the BPT rate decreases from 7.7 percent to 7.6 percent.

New Hampshire's business profits tax is charged at a flat rate. For 2020 through 2021, the tax rate is 7.7%. For 2022 and later the rate lowers to 7.6%.

If you are claiming a refund on behalf of a deceased taxpayer, you must file Form NH-1310. Mail forms to the New Hampshire Department of Revenue Administration, Taxpayer Services Division, PO Box 3306, Concord, NH 03302-3306.

New Hampshire also has a 7.50 percent corporate income tax rate. New Hampshire does not have a state sales tax and does not levy local sales taxes. New Hampshire's tax system ranks 6th overall on our 2022 State Business Tax Climate Index.

New Hampshire's business profits tax is charged at a flat rate. For 2020 through 2021, the tax rate is 7.7%. For 2022 and later the rate lowers to 7.6%.