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New Hampshire
Corporate Income Tax Rate at a Glance
New Hampshire's top corporate income tax rate is 7.5%, applied as a flat rate. This places New Hampshire in the "Moderate (5–7.99%)" tier among U.S. states.
Rate Structure (Flat vs. Graduated)
7.5% Business Profits Tax (BPT) on net business income for entities with gross receipts over $109,000 (2025 threshold). Reduced from 7.6% effective 2025.
Franchise Tax / Annual Privilege Tax
New Hampshire imposes a Business Enterprise Tax (BET) of 0.55% on the enterprise value tax base (compensation paid, interest paid, and dividends paid) for entities with enterprise value tax base over $281,000 or gross receipts over $281,000 (2025 thresholds). BET acts as a credit against BPT.
S-Corp & Pass-Through Treatment
New Hampshire does not have a personal income tax on wages, but the BPT applies to S-corps, LLCs, partnerships, and sole proprietorships at the entity level (above gross-receipt thresholds), regardless of federal classification.
Official State Revenue Department
For current corporate tax rules in New Hampshire, consult the state's official source at https://www.revenue.nh.gov/taxes-glance/business-profits-tax. Rates and rules change annually — verify with a qualified tax professional before taking any action.
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Corporate income tax rates change frequently as states enact reform packages and phase-down schedules. Always verify current rates with the state's department of revenue and your tax advisor before making business decisions. This information is for educational purposes only and is not tax or legal advice.