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New Hampshire Issues

  • BET ThresholdsHB 154 will increase the threshold amounts for taxation under the business enterprise tax. Current law requires any business having annual gross business receipts in excess of $150,000 or an enterprise value tax base greater than $75,000 to file a business enterprise tax return. HB 154 will increase the threshold for gross business receipts to $200,000 and the enterprise value tax base to $100,000.
  • Reasonable CompensationSB 125 would simplify this issue and says that once a business owner proves that at least one or more of the partners provided actual services to the business, the amount they claim as compensation shall be presumed reasonable, and that the burden of proving otherwise shall be on the Department of Revenue.
  • Capital Gains Tax

    HB 664 requires taxation of capital gains under the interest and dividends tax. The bill also increases the standard exemption under the interest and dividends tax to $5,000 from $2,400. 

  • Death Tax

    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. 

  • Gas Tax

    HB 124 calls for the gas tax to be adjusted annually based on the rate of inflation in the consumer price index for the Northeast states. A one-cent increase in the gas tax would generate about $8.4 million for the state highway fund. 

  • Local Option Sales & Income Taxes

    HB 309 enables towns and cities to establish a local revenue as an alternative to the property tax for the funding of local government costs. Alternatives may include but shall not be limited to an income tax based on a percentage of adjesuted gross income...

  • Flexible Work Arrangements
    HB 663 creates a multi-stage process for employees to request flexibility in work schedules and specifies criteria for employers to in granting or denying requests.
  • Paid Sick Leave
    HB 662 requires employers to provide up to 40 hours of paid sick leave. The legislation specifies the uses of the leave to include time away to care for the sickness of an employee, the employee’s family, medical appointments, and various activities relating to a domestic violence or a sexual abuse situation.
  • Mandated Health Insurance in New Hampshire

    HB 561 requires insurance coverage for persons for hearing evaluations, hearing aids, and the dispensing and fitting of hearing aids with a maximum of no less than $1,500 per hearing aid every 36 months. The state Insurance Department estimates HB 561 would increase premiums by 0.6%.