Analysis of New Hampshire Business Tax Rate Reductions Finds Significant Revenue Losses
NHFPI’s August 2023 analysis of rate reductions for the State’s Business Profits Tax (BPT) and Business Enterprise Tax (BET) implemented between 2015 and 2022 estimated the State lost between $496 million and $729 million in revenue due to these reductions. Between State Fiscal Years 2015 and 2022, combined BPT and BET revenues increased 118 percent, ...