Business Profits Tax Archives

We Should Be Raising Business Taxes, Not Cutting Them

April 10, 2021 Ed Mosca

The budget passed by the House cuts business taxes. More specifically, I understand that the Business Profits Tax will be reduced from 7.7% to 7.6% and the Business Enterprise Tax will be reduced from .6% to 0.55%. My question is WHY. Why at the very time that big woke corporations are working with the Democrat Party … Read more

After Brutal 2020, Tax Hikes Could Loom for N.H. Businesses in 2021

June 14, 2020 Op-Ed

The House on Thursday rejected a Republican proposal to prevent significant business tax increases that are likely to hit on January 1. Unless legislators act between now and the end of the year, New Hampshire businesses that survive 2020 should prepare to begin paying higher tax rates in 2021.

Business Profits Tax (“BPT”) was enacted in 1970

July 29, 2019July 29, 2019 Op-Ed

By Rep. Jess Edwards (R-Auburn) The Business Profits Tax (“BPT”) was enacted in 1970. The tax was initially assessed at the rate of 8.2%, making NH one of the least attractive states in which to do business. To improve our business climate, the BPT rate was reduced to 7.9% for 2018. The rate was further … Read more

Governor Sununu Protects Taxpayers By Vetoing State Budget

July 11, 2019 Op-Ed

by Grover Norquist | Democrat Budget Would Have Raised Taxes on Businesses and Vapers. New Hampshire has long been thought of as a low tax state, governed frugally and therefore a strong competitor among the 50 states to attract job-creating investment, talent, and young families. Over time, “what everyone knows” can cease to be quite … Read more