Since New Hampshire has neither, most of the state’s revenue comes from taxes on businesses, namely the Business Profits Tax (BPT) and the Business Enterprise Tax (BET). Together, they can represent up to 40% of the state’s revenue. A new report argues that the notion of reducing these taxes to help kick start business activity — and thus raise more tax revenue — actually hurts the state in the long run.Read More
Study: NH business tax cuts led to ‘forgone revenue’
By Paul Briand
