See NH Code of Administrative Rules Rev 307.04(e).ĭo I have to file a BPT return if my installment sale income is less than $50,000? No, not unless two separate and distinct proprietorships exist. I have a proprietorship can I split the rental income between my wife and myself? Yes, if the tax liability is greater than $200, but you may qualify for an exception from the penalty under RSA 21-J:32, IV(d) by filing Form DP-2210/2220.Ĭall Taxpayer Services at (603) 230-5920. Corporate, proprietorship, fiduciary and combined returns are due on the 15th day of the 4th month following the end of the taxable period.įour estimates are required, paid at 25% each on the 15th day of the 4th, 6th, 9th and 12th month of the taxable period, for any tax liability greater than $200.Īm I required to pay estimates during my first year? Business Profits Tax Historical Filing Thresholdsįor taxable periods beginning after December 31, 2015, partnership returns are due on the 15th day of the 3rd month following the end of the taxable period. For taxable periods ending on or after December 31, 2022, this filing threshold is increased to $92,000.įor tax years beginning January 1, 2023, pursuant to RSA 77-A:6, the Commissioner of the DRA biennially adjusts the BPT filing thresholds for inflation, rounding to the nearest $1,000, using the Consumer Price Index for All Urban Consumers, Northeast Region as published by the Bureau of Labor Statistics, United States Department of Labor using the amount published for the month of June in the year prior to the start of the tax year. However, organizations with $50,000 or less of gross business income from all their activities are not required to file a return. For taxable periods ending on or after December 31, 2023, the BPT rate is reduced to 7.5%.Īny business organization, organized for gain or profit carrying on business activity within the State is subject to this tax. For taxable periods ending on or after December 31, 2022, the BPT rate is reduced to 7.6%. For taxable periods ending on or after December 31, 2019, the BPT rate is reduced to 7.7%. For taxable periods ending on or after December 31, 2018, the BPT rate is reduced to 7.9%. Organizations operating a unitary business must use combined reporting in filing their New Hampshire Business Tax return.įor Taxable periods ending on or after December 31, 2016, the BPT rate is reduced to 8.2%. For multi-state businesses, income is apportioned, using a weighted sales factor of two and the payroll and property factors.
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