Also noteworthy is a new biennial adjustment based on the consumer price index (CPI). The gross receipts threshold will be increased to the nearest $1,000 based on the 2-year percentage change in the CPI. This first increase will occur for tax years beginning January 1, 2023.
As a result of this change New Hampshire businesses could save up to $7,084 of what they were required to pay based on current tax rates ($91,999 x 7.7%).
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