Do We Pay Tax on Water Bill Again on Our Tax Return in Business

It is the intent of the New Hampshire Department of Acquirement Administration that this publication exist for full general tax data purposes and, therefore, should not be construed to be a complete word of all aspects of these tax laws.  Since rates, percentages and other aspects of taxation change, information technology is recommended that whatsoever interested person review the Laws and Rules or enquire directly to this Section for current information pertinent to your state of affairs.

Overview of New Hampshire Taxes – Governor and Council presentation ane/23/2019

Business Enterprise Tax
| RSA 77-Eastward | Chapter Rev 2400 | BET Frequently Asked Questions |

What is it?

For taxable periods ending before December 31, 2016, a 0.75% tax is assessed on the enterprise value tax base of operations, which is the sum of all compensation paid or accrued, interest paid or accrued, and dividends paid by the business enterprise, later on special adjustments and apportionment.

For taxable periods ending on or after December 31, 2016, the BET rate is reduced to 0.72%. For taxable periods catastrophe on or after December 31, 2018, the BET rate is reduced to 0.675%. For taxable periods ending on or afterward Dec 31, 2019, the BET rate is reduced to .sixty%. For taxable periods ending on or later Dec 31, 2022, the BET charge per unit is reduced to .55%.

BPT and BET Rates Nautical chart

Who pays it?

Pursuant to RSA 77-E:5, I, the Commissioner of DRA biennially adjusts the BET filing thresholds for inflation, rounding to the nearest $one,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 twelvemonth prior to the start of the tax year.

Business Enterprise Taxation Historical Filing Thresholds
Tax Periods Start:	Gross Receipts In Excess Of:	OR	Enterprise Value Tax Base of operations Greater Than:
On or after 1/1/2021	$222,000	OR	$111,000
ane/1/2019-12/31/2020	$217,000	OR	$108,000
01/01/17-12/31/eighteen	$208,000	OR	$104,000
Revenue enhancement Periods Ending:	Gross Receipts In Excess Of:	OR	Enterprise Value Tax Base Greater Than:
12/31/15 - 12/31/16	$207,000	OR	$103,000
12/31/xiii - 12/30/15	$200,000	OR	$100,000
07/01/01 - 12/30/xiii	$150,000	OR	$75,000
Prior to seven/ane/2001	$100,000	OR	$50,000

When is the render due?

For taxable periods offset on or before December 31, 2015, corporate returns are due on the 15th day of the 3rd month post-obit the cease of the taxable menses. Proprietorship, partnership and fiduciary returns are due on the 15th mean solar day of the 4th month post-obit the end of the taxable period. Non-turn a profit returns are due on the 15th day of the 5th calendar month following the end of the taxable period.

For taxable periods first subsequently December 31, 2015, partnership returns are due on the 15th day of the 3rd calendar month following the cease of the taxable catamenia. Corporate, proprietorship, fiduciary and combined returns are due on the 15th solar day of the 4th month following the end of the taxable period. Non-profit returns are due on the 15th 24-hour interval of the 5th month following the end of the taxable flow.

Do I take to make estimated payments?

Yep, for taxable periods ending on or after December 31, 2013, if your estimated tax liability exceeds $260. Four guess payments are required, paid at 25% each on the 15th day of the fourth, sixth, 9th and 12th month of the taxable catamenia.

For taxable periods ending earlier December 31, 2013, if your estimated tax liability exceeds $200, 4 gauge payments are required, paid at 25% each on the 15th twenty-four hour period of the 4th, 6th, 9th and twelfth calendar month of the taxable flow.

How practise I register my new business?

New businesses must register by writing to the NH Secretarial assistant of State's Office, Corporate Partitioning, 107 N. Primary Street, Concur, NH 03301-4989 or by calling (603) 271-3246.

Who do I contact with questions?

Phone call Taxpayer Services at (603) 230-5920 or write to the NH DRA at PO Box 637, Concord, NH 03302-0637.

Business Profits Tax
| RSA 77-A | Chapter Rev 300 | BPT Frequently Asked Questions |

What is information technology?

For taxable periods catastrophe before December 31, 2016, an 8.five% taxation is assessed on income from conducting business activity inside the State of New Hampshire. For multi-country businesses, income is apportioned, using a weighted sales factor of two and the payroll and property factors. Organizations operating a unitary business organisation must use combined reporting in filing their New Hampshire Business Revenue enhancement return.

For taxable periods ending on or after December 31, 2016, the BPT charge per unit is reduced to 8.ii%. For taxable periods catastrophe on or afterward December 31, 2018, the BPT rate is reduced to 7.9%. For taxable periods catastrophe on or afterward December 31, 2019, the BPT rate is reduced to seven.7%. For taxable periods ending on or after December 31, 2022, the BPT rate is reduced to 7.vi%.

BPT and BET Rates Chart

Who pays it?

Any business concern, organized for gain or profit carrying on business activity inside the State is bailiwick to this tax.  Yet, organizations with $fifty,000 or less of gross business concern income from all their activities are not required to file a return. For taxable periods ending on or after Dec 31, 2022, this filing threshold is increased to $92,000.

When is the return due?

For taxable periods beginning on or before December 31, 2015, corporate returns are due on the 15th day of the 3rd month post-obit the end of the taxable period. Proprietorship, partnership and fiduciary returns are due on the 15th day of the 4th month following the end of the taxable period. Non-turn a profit returns are due on the 15th day of the 5th month following the cease of the taxable catamenia.

For taxable periods start after December 31, 2015, partnership returns are due on the 15th 24-hour interval of the 3rd month post-obit the terminate of the taxable catamenia. Corporate, proprietorship, fiduciary and combined returns are due on the 15th twenty-four hours of the 4th calendar month following the cease of the taxable period. Non-turn a profit returns are due on the 15th mean solar day of the 5th calendar month post-obit the end of the taxable period.

Practise I accept to make estimated payments?

Yes, if your estimated tax liability exceeds $200. Four estimate payments are required, paid at 25% each on the 15th day of the quaternary, sixth, 9th and 12th month of the taxable menstruation.

How practise I register my new business?

New businesses must register by writing to the NH Secretary of Country's Office, Corporate Division, 107 N. Chief Street, Concord, NH 03301-4989 or past calling (603) 271-3246.

Who do I contact with questions?

Call Taxpayer Services at (603) 230-5920 or write to NH DRA at PO Box 637, Concord, NH 03302-0637.

Communication Services Tax
| RSA 82-A | Chapter Rev 1600 | CST Frequently Asked Questions |

What is it?

A seven% taxation on all two-way communication services.

Who pays information technology?

The tax is paid by the consumer and collected by two-manner communication providers. All two-style communication providers, included retailers of prepaid wireless and VoIP, are responsible for collecting the tax from the consumer and filing a return with the Section.

Charges for intrastate and interstate VoIP shall be sourced to New Hampshire and thereby field of study to the CST if provided to a person with a place of primary use in this state. Charges for intrastate and interstate VoIP shall not be sourced to New Hampshire not subject to the CST if provided to a person with a place of primary use exterior the state.

Charges for intrastate and interstate prepaid wireless shall exist sourced to New Hampshire and thereby subject to CST as follows:

• If the retail transaction occurs in person at a seller's location in New Hampshire; or
• If (1) does not apply, the prepaid wireless is evidenced by a concrete item, such as a card, and the purchaser provides a New Hampshire commitment address for such item; or
• If (1) and (ii) do not apply, the consumer gives a New Hampshire address during the consummation of the sale, including the address associated with the consumer's payment instrument if no other address is available, and the address is not given in bad religion; or
• If (1)-(3) do not apply, the consumer's mobile telephone number is associated with a postal zip code, phone area lawmaking, or location within New Hampshire.

Refer to the DRA Technical Information Release (TIR) 2019-007 at

https://www.revenue.nh.gov/tirs/documents/2019-007.pdf for additional data.

When is the return due?

Returns must exist filed on a monthly basis by the 15th day of the post-obit month.

Do I accept to brand estimated payments?

Yep.  An estimated payment equal to ninety% of the actual tax collected is due on or earlier the 15th solar day of the calendar month during which the liability is incurred.

Who do I contact with questions?

Phone call the Audit Partition at (603) 230-5030 or write to the NH DRA, Inspect Division at PO Box 457, Concord, NH 03302-0457.

Electricity Consumption Tax
| RSA 83-Eastward | Chapter Rev 2600 |

What is information technology?

There is a taxation assessed on consumers of electricity in the amount of $.00055 per kilowatt hour of electricity consumed.

Who pays it?

The tax is paid by the consumer, nerveless and submitted by distribution companies, except in the instance of consumers who generate their own ability.  These self-generating companies or individuals must submit tax returns on their ain behalf.

When is the return due?

Tax returns must be filed on the 15th 24-hour interval of the 2d month post-obit the calendar month in which the tax is collected from the consumers.

Are estimated payments due?

No.

Who do I contact with questions?

Call the Inspect Division at (603) 230-5030 or write to the NH DRA, Audit Division at PO Box 457, Agree, NH 03302-0457.

Digging (Gravel) Taxation
| RSA 72-B | Affiliate Rev 500 | Excavation Frequently Asked Questions |

What is information technology?

An Earthworks Revenue enhancement at the rate of $.02 per cubic yard of earth excavated is assessed upon the owner as defined in RSA 72-B:ii, Viii.

If we are excavating on our own property and not selling our gravel commercially, are we field of study to paying the gravel taxation?

Incidental excavations as described nether RSA 155-Eastward:2-a, I, (a) & (b) which exercise not remove more than m cubic yards of earth from the site are exempt from the earthworks taxation and filing the Notice of Intent to Excavate.  Excavation that removes more than than 1000 cubic yards is taxable whether it is sold or given away.

Who do I contact with questions?

Phone call Municipal and Belongings Partitioning at (603) 230-5950 or write to the NH DRA, Municipal and Belongings Division at PO Box 487, Concur, NH 03302-0487.

Inheritance and Estate Tax
| RSA 86, RSA 87 and RSA 89 | Affiliate Rev 1300 | IET Oftentimes Asked Questions |

Note: The Legacy & Succession Tax (RSA 86) was repealed, effective for deaths occurring on or after January 1, 2003.
Note: Transfer Tax Upon the Personal Property of Nonresident Decedents (RSA 89) was repealed, effective for deaths occurring on or after Jan 1, 2003.

Who do I contact with questions?

Call Audit Division at (603) 230-5030 or write to the NH DRA, Estate & Legacy Bureau, Audit Partition, PO Box 457, Concord, NH 03302-0457.

Interest & Dividend Tax
| RSA 77 | Chapter Rev 900 | IDT Oft Asked Questions |

What is it?

A 5% tax is assessed on involvement and dividend income. The State of New Hampshire does not have an income revenue enhancement on an individual'south reported W-2 wages.

Delight annotation, recently enacted legislation phases out the Involvement and Dividends (I&D) Revenue enhancement starting at 4% for taxable periods ending on or after December 31, 2023, 3% for taxable periods ending on or after Dec 31, 2024, two% for taxable periods catastrophe on or after December 31, 2025 and 1% for taxable periods ending on or after December 31, 2026. The I&D Taxation is then repealed for taxable periods showtime after December 31, 2026.

Who pays it?

Resident individuals, partnerships, and fiduciaries earning interest and dividend taxable income of more than $2,400 annually ( $4,800 for joint filers).  In addition, the post-obit exemptions may also apply: one) a $i,200 exemption is bachelor for residents who are 65 years of age or older; 2) a $ane,200 exemption is available for residents who are blind regardless of their historic period; and 3) a $i,200 exemption is available to disabled individuals who are unable to piece of work, provided they accept not reached their 65th birthday.

When is the return due?

The return is due on the 15th twenty-four hour period of the fourth month following the end of the taxable period.  There is no filing requirement for an individual whose total interest and dividend income, afterwards deducting all interest from U.South. obligations or other not-taxable income, is less than $2,400 ( $4,800 for joint filers) for a taxable period.

Do I have to make estimated payments?

Beginning January 1, 2004, for calendar twelvemonth filers whose taxation liability will exceed $500, estimated tax payments, paid at 25% each, are due on April 15, June 15 and September 15 of the current calendar year, and January xv of the subsequent calendar year.  For financial yr filers estimates are due on the 15th 24-hour interval of the 4th, 6th, ninth and 12th month of the taxable menstruum.

Prior to January one, 2004, for calendar year filers whose revenue enhancement liability will exceed $200, estimated taxation payments, paid at 25% each, are due on April 15, June 15 and September 15 of the current agenda year, and January xv of the subsequent calendar yr.  For financial year filers estimates are due on the 15th mean solar day of the quaternary, 6th, 9th and 12th month of the taxable catamenia.

Who exercise I contact with questions?

Phone call Taxpayer Services at (603) 230-5920 or write to NH DRA at PO Box 637, Concord, NH 03302-0637.

Local Belongings Taxation
| RSA 76 | Chapter Rev 600 | Municipal and Property Division |

What is it?

Local belongings taxes, based upon assessed valuation, are assessed, levied and collected by municipalities.

Who pays it?

Owners of New Hampshire belongings.

When is the tax due?

Property tax bills are issued by the municipality, where the belongings is located on either an annual, semi-annual or quarterly basis. Due dates vary based upon the outcome appointment of the bill.

Who do I contact with questions?

Telephone call Municipal and Belongings Division at (603) 230-5950 or write to NH DRA, Municipal and Property Division at PO Box 487, Concord, NH 03302-0487.

Meals and Rooms (Rentals) Taxation
| RSA 78-A | Chapter Rev 700 | MRT Frequently Asked Questions |

What is it?

A ix% revenue enhancement is assessed upon patrons of hotels and restaurants, on rooms and meals costing $.36 or more. A nine% tax is as well assessed on motor vehicle rentals. Please note that constructive October 1, 2021 the Meals & Rentals Revenue enhancement charge per unit is reduced from 9% to 8.5%.

Note: Motor vehicle fees, other than the Motor Vehicle Rental Taxation, are administered by the NH Department of Rubber. For more information on motor vehicle fees, delight contact the NH Department of Safety, Division of Motor Vehicles, 23 Hazen Drive, Concord, NH 03305. (603) 227-4000.

Who pays information technology?

The tax is paid by the consumer and collected by operators of hotels, restaurants, food service, room rental, and motor vehicle rentals.

When is the revenue enhancement due?

The tax is due on the 15th twenty-four hour period of the month following the taxable period. Electronic filing, via Granite Taxation Connect, is available to Meals and Rooms (Rentals) Operators. A paper return is not required if filing electronically, just operators must retain the Meals and Rooms (Rentals) Tax Worksheet. Electronic filing is required unless your taxable acquirement is less than $25,000 in the prior calendar year. Operators with taxable revenue over $25,000 in the prior calendar year volition not be allowed to retain their committee unless they file electronically. Canonical seasonal operators must file reports for each month of their canonical season even if no tax is due.

Who exercise I contact with questions?

Call Taxpayers Services at (603) 230-5920 or visit

New Hampshire Department of Revenue Administration
Governor Hugh Gallen State Office Park
109 Pleasant Street (Medical & Surgical Building)
Concord, NH 03302-1467

Medicaid Enhancement Tax
| RSA 84-A | Chapter Rev 2300 |

What is information technology?

The MET is a tax upon the "internet patient services revenue" of certain hospitals for each hospital'due south fiscal year ending during the agenda year in which the taxable period begins. For the taxable period catastrophe June 30, 2015 the tax charge per unit was 5.5%. For the taxable period ending June 30, 2016, the tax rate is reduced to 5.45% and for the taxable period ending June thirty, 2017 and forwards, the tax rate is reduced to 5.4%.

Who pays it?

General hospitals and special hospitals for rehabilitation required to be licensed under RSA 151 that provide inpatient and outpatient hospital services, merely not including government facilities.

When is the tax due?

The tax period for MET is a 12-month period beginning July one and ending June 30. Each infirmary is required to pay 100% of its MET due and payable for the taxable period no afterward than the fifteenth solar day of April.

When is the return due?

Every hospital shall on or before the fifteenth solar day of April in the taxable period make a render to the Department of Revenue Administration.

Who do I contact with questions?

Questions regarding the filing of completed returns or ACH forms may exist directed to the Department of Revenue Assistants'southward MET Administrator at (603) 230-5012.

Questions regarding the MET may be directed to the Department's Audit Division at (603)-230-5030.

Nursing Facility Quality Assessment
| RSA 84-C | Chapter Rev 2700 |

What is information technology?

An assessment of 5.5% of net patient services revenues is imposed on all nursing facilities on the basis of patient days in each nursing facility. The fee is implemented in accord with the provisions of 42 C.F.R. part 433.

Who pays it?

Nursing facilities as defined in RSA 151-Eastward:2, 5 and facilities licensed as a specialty infirmary and certified to receive federal reimbursement equally a nursing facility.

When is the return due?

Returns are due no later than the 10th day of the month following the expiration of the taxable menstruum.

Who do I contact with questions?

Questions regarding the adding of your Cyberspace Patient Services Revenue or questions regarding the filing of completed returns or ACH Debit forms may be directed to the Department of Revenue Administration's NFQA Ambassador at (603) 230-5062 or Taxpayer Services at (603) 230-5920.

Real Estate Transfer Tax
| RSA 78-B | Affiliate Rev 800 | RETT Frequently Asked Questions |

What is information technology?

A tax on the transfer, sale or granting of real holding or an interest in real holding.  The tax is $.75 per $100 of the price or consideration of the transfer.

Who pays it?

The taxation is assessed on both the buyer and the seller, with a minimum charge of $20 each.  The tax is paid at the Register of Deeds office in the county where the property is located.

When is the return due?

A Announcement of Consideration and a Real Estate Transfer Questionnaire must be filed with the New Hampshire Section of Revenue Administration within 30 days from the recording of the act.

Who do I contact with questions?

Call Taxpayer Services at (603) 230-5920 or write to the NH DRA, Inspect Division, PO Box 457, Concord, NH 03302-0457.

State Educational activity Property Tax
| RSA 76 |

What is it?

A country education property revenue enhancement rate of total equalized valuation is assessed on all New Hampshire property owners. The tax is assessed and collected by local municipalities.

Who pays it?

Owners of New Hampshire holding.

When is the tax due?

Property taxation bills are issued past the municipality where the holding is located on either an almanac, semi-almanac or quarterly ground. Due dates vary based upon the effect date of the bill.

Who do I contact with questions?

Phone call Municipal and Belongings Partitioning at (603) 230-5090 or write to the NH DRA, Municipal and Belongings Division, PO Box 487, Concord, NH 03302-0487.

Timber Tax
| RSA 79 | TT Oft Asked Questions |

What is taxable?

Timber on all landownership is taxable at 10% of the stumpage value at the time of cutting. The only exceptions are shade and ornamental trees, sugar orchards, nursery stock, Christmas trees, firewood for the manufacture of maple syrup and xx cords of firewood for domestic heating and/or ten thousand board feet of saw logs for personal use past the landowner within the state.

When tin I begin cut?

Y'all do not accept to wait for the paperwork from the Country before work can begin as long as the town has signed the Intent to Cut grade.  Even if yous do non stop up cutting anything, you lot however need to file a Report of Cut.

Who practise I contact with questions?

Call Municipal and Holding Division at (603) 230-5950.

Tobacco Taxation
| RSA 78 | Chapter Rev 1000 | Tobacco Oftentimes Asked Questions |

What is it?

It is a taxation on all tobacco products other than premium cigars sold to consumers in this state under RSA Chapter 78 and NH Code of Authoritative Rules, Rev 1000. Tobacco products include, but are not limited to, cigarettes, little cigars, electronic cigarettes (or "eastward-cigarettes" , among other names), loose tobacco, smokeless tobacco and cigars.

What is the Tobacco Revenue enhancement rate?

• The tax charge per unit for each package containing 20 cigarettes or lilliputian cigars is $1.78 per package.
• The taxation charge per unit for each package containing 25 cigarettes or little cigars is $2.23 per package.
• The taxation rate for airtight organisation due east-cigarettes is $0.xxx per milliliter on the volume of the liquid or other substance containing nicotine every bit listed by the manufacturer (effective January 1, 2020).
• The taxation charge per unit for open organisation east-cigarettes is viii% of the wholesale sales toll of the container of liquid or other substance containing nicotine (effective January i, 2020).
• The tax rate for all other tobacco products (OTP), except premium cigars, is 65.03% of the wholesale sales price.

Who pays it?

All taxes upon tobacco products are direct taxes upon the consumer at retail and when purchased from a licensed retailer are conclusively presumed to be pre-nerveless past the wholesaler who shipped or transported the tobacco products to the retailer (RSA 78:2, Iii).

Who do I contact with questions?

Phone call the Section's Tobacco Tax Group at (603) 230-4359 or write to the NH DRA, Tobacco Taxation Group, PO Box 1388, Hold, NH 03302-1388.

Notation: If calling to ask about the purchase of Tobacco Tax Stamps, delight contact the Collections Division at (603) 230-5900.

Utility Property Tax
| RSA 83-F | Affiliate Rev 1400 | UPT Often Asked Questions |

What is it?

A revenue enhancement is imposed upon the value of utility property at the rate of $vi.60 on each $k of such value, to be assessed annually every bit of April 1, and every year thereafter, and paid in accordance with RSA 83-F.

Who pays it?

Utility property owners.

When is the taxation due?

The Utility Belongings Tax is due annually on or before Jan fifteen.

Do I have to make estimated payments?

Yep. Contact the Municipal and Property Partition for information on estimates due for the current tax year.  Declarations and payments of 25% of the estimated tax, based on the tax for the preceding twelvemonth, are due on April 15, June 15, September 15, and Dec 15.

Who do I contact with questions?

Call the Municipal and Property Sectionalisation at (603) 230-5950 or write to the NH DRA, Municipal and Belongings Sectionalization, PO Box 487, Concord, NH 03302-0487.

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Source: https://www.revenue.nh.gov/assistance/tax-overview.htm

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