DP-14 - New Hampshire Department of Revenue Administration - revenue nh 2025

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Driving Revenue Growth: The Two Business Taxes The Business Profits Tax (BPT) is the single largest tax revenue source the State had in SFY 2017 at $385.8 million, and the Business Enterprise Tax (BET) was the fourth largest at $252.0 million. These two taxes are filed together and counted together.
Who pays it? For taxable periods beginning on or before December 31, 2024: all New Hampshire residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).
State and local revenue in New Hampshire stems primarily from taxes, and each resident, visitor, and employer has a vital role in generating the resources required to maintain essential systems and meet the needs of Granite Staters.
The agencys new online portal to manage accounts for taxpayers, tax professionals, and other DRA customers! The portal allows users to file and amend returns, view balances, make payments, view correspondence, register new accounts, update information, submit documents and applications, and more!
So how does New Hampshire build revenue? Well, the state leans heavily on property taxes to come up with cash to fund its state and local government programs and services. Property tax: New Hampshires property taxes are 1.93%, marking them one of the states with the highest taxes.
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No state income tax in New Hampshire However, any dividends and interest income earned from investments is subject to taxation. This means: If you earn money through dividends or interest, you are required to file a New Hampshire state income tax return.
New Hampshires combined state and local general revenues were $13.8 billion in FY 2021, or $9,919 per capita. National per capita general revenues were $12,277. New Hampshire does not levy a general sales tax or individual income tax.
States with the lightest tax burden: New Hampshire: 6.14% Tennessee: 6.22% Florida: 6.33% Wyoming: 6.42%

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