Business Enterprise Tax Rate Decreases Have Lowered Revenue with Limited Economic Benefit

By: Phil Sletten

Outlets: NHFPI

Published: January 27, 2026

Words: 4,946

Last Updated: 20 hours, 47 minutes ago

KEY POINTS

- The Business Enterprise Tax (BET) is a unique New Hampshire State tax on compensation, interest, and dividends paid by organizations in the state
- BET rate reductions have decreased revenue available for public services since reductions began in 2015
- A currently-proposed BET rate reduction would have very limited impact on the tax liability of all but the largest BET filers, while reducing BET revenue by more than $26 million annually if …

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