New Hampshire Revenue Department Issues Information on Business Profits, Business Enterprise Tax Filing Threshold Adjustment

The New Hampshire Department of Revenue Administration Dec. 28 issued a technical information release to advise taxpayers and tax practitioners of a statutorily required adjustment to the Business Profits Tax (BPT) and Business Enterprise Tax (BET) filing thresholds for taxable periods beginning on Jan. 1, 2023. The adjusted BPT filing threshold is gross business income in excess of $103,000. The adjusted BET filing thresholds are gross business receipts in excess of $281,000 or enterprise value tax base greater than $281,000. The Commissioner biennially adjusts the BPT and the BET filing threshold amounts. The thresholds are rounded to the nearest $1,000 ...