Bill > HB155

This bill, effective July 1, 2025, reduces the rate of the Business Enterprise Tax (BET) from 0.55 percent to 0.50 percent for tax periods ending on or after December 31, 2026. The BET is a tax imposed on the taxable enterprise value of businesses. This reduction is expected to cause an indeterminable decrease in state revenue, impacting the General Fund and Education Trust Fund, with estimated revenue losses of $4.3 million in FY 2026, $19.7 million in FY 2027, and $22.3 million in FY 2028, though these figures are based on static analysis and actual impacts may vary.

Budget and Finance

https://gc.nh.gov/bill_Status/billinfo.aspx?id=511&inflect=2