Get Business Enterprise Tax Return Instructions

New Hampshire does not tax individuals' earned income, so you are not required to file an individual New Hampshire tax return. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).

You are required to file this return if the gross business receipts were greater than $250,000 or the enterprise value tax base is greater than $250,000. Tax. Enter the beginning and ending dates of the taxable period.

Who pays BPT? Any business organization, organized for gain or profit carrying on business activity within the State is subject to this tax.

Organizations operating a unitary business must use combined reporting in filing their NH return. Every business organization with gross business income from all business activities of more than $50,000 must file a BPT return.

New Hampshire has both a business profits tax (BPT), which is a tax on business income, and a business enterprise tax (BET), which is a tax on a business's enterprise value tax base. Both of these taxes apply to essentially every form of New Hampshire business.

Might pay business profits tax (BPT). Any for-profit business organization, including LLCs, with business activities in New Hampshire must pay the BPT if their gross business income exceeds a set threshold. The threshold is adjusted every other year to account for inflation. As of 2023, the threshold is $103,000.

The business profits tax is imposed on any enterprise, whether corporation, partnership, limited liability company, proprietorship, association, business trust, real estate trust, or other form of organization organized for gain or profit and carrying on any business in New Hampshire.

How Are New Hampshire LLCs Taxed? Your New Hampshire LLC's tax classification depends on its number of members. Single-member LLCs (SMLLCs) are taxed like sole proprietors by default, and multi-member LLCs are taxed as general partnerships.

New Hampshire does not tax individuals' earned income, so you are not required to file an individual New Hampshire tax return. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).