HB 623 - Establishes Rates of Business Profits Tax - New Hampshire Key Vote

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Title: Establishes Rates of Business Profits Tax

Vote Smart's Synopsis:

A vote to pass a bill that establishes the rates of the business profits tax and the business enterprise tax for taxpayer years.

Highlights:

  • Increases the business profits tax rate for taxable periods on or after December 31, 2019 to 8.5 percent (Sec. 1).

  • Reduces the business enterprise tax rate from taxable periods ending on or after December 31, 2019 to .5 percent (Sec. 2).

Title: Establishes Rates of Business Profits Tax

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