HB 691 changes the rate of the New Hampshire estate tax to 8% of the gross value of the portion of the decedent’s taxable estate that exceeds $2,000,000. 

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Death Tax

Date: July 31, 2009

8% Tax on Estates Valued Over $2 Million Dollars  

Issue Overview: HB 691 changes the rate of the New Hampshire estate tax to 8% of the gross value of the portion of the decedent’s taxable estate that exceeds $2,000,000. The Department of Revenue Administration estimates HB 691 would increase state general fund revenues by $10.1 million in 2010 if the tax were in effect for that tax year.

NFIB Position: We oppose this tax, which is both hugely expensive and paves another brick on the road to a state income tax.
 
Issue Status: HB 664 is currently in the House Ways & Means Committee.

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