Change to New Hampshire BPT and BET Tax Filing Requirements

Brendon Landi •
​

On December 28, 2022, the New Hampshire Department of Revenue Administration (DRA) released the new Business Profits Tax (BPT) and Business Enterprise Tax (BET) filing threshold in TIR 2022-006.  The following are the new requirements for the taxable periods beginning January 1, 2023:
​

• BPT Filing Threshold:  Gross business income in excess of $103,000 at a rate of 7.5% of all taxable business profits.
• BET Filing Threshold:  Gross business receipts in excess of $281,000, or, enterprise value tax base greater than $281,000 at a rate of 0.55% of the business’s taxable enterprise value tax base.[1]

The NH DRA releases updated threshold filing amounts on a biennial basis based on the 2-year percentage change in the Consumer Price Index for all urban consumers in the northeast region as published by the United States Department of Labor.

[1] The Enterprise Value Tax Base is the sum of all compensation paid or accrued, interest paid or accrued, and dividends paid by the business enterprise, after special adjustments and apportionment.