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AMHERST, NH (November 6, 2025) – In light of New Hampshire’s business tax climate ranking falling five spots in the Tax Foundation’s 2026 State Tax Competitiveness Index, the National Federation of Independent Business (NFIB) in New Hampshire is calling on state lawmakers to adopt pro-growth tax reform to boost small business.

The Tax Foundation ranks New Hampshire’s tax system third overall but 37th for business taxes. Granite State business tax competitiveness ranks behind New York (28th), Connecticut (30th), Rhode Island (32nd), Massachusetts (33rd), and Pennsylvania (36th), and only slight ahead of Vermont (38th) and Maine (40th).

“New Hampshire’s declining business tax ranking should be a wake-up call for policymakers,” said NFIB New Hampshire State Director John Reynolds. “If we want to build and make more things here, if we want existing businesses to succeed and to attract new ones from other states, and if we want life to be more affordable here, then we need robust and sustained economic growth. One of the surest ways for a state to make that happen is through pro-growth tax reform that drives investment and makes it easier for small businesses to thrive.”

NFIB is calling on lawmakers to address several deficiencies in the state’s business tax system highlighted in the report:

– Lower the Business Enterprise Tax rate to reduce the cost of hiring and make it easier to improve pay and benefits.
– Conform with the new federal rules on small business equipment and capital investment expensing (Section 179) to drive Main Street investment and growth.
– Eliminate the state’s 10-year limit on Net Operating Loss carryforward to provide small businesses with a fairer, more predictable tax burden and make it easier to pursue growth strategies.

Read more about NFIB New Hampshire’s support for pro-growth tax reform here: NH Ranks Third in Tax Competitiveness but Lags for Small Business – NFIB.

View the complete Tax Foundation rankings here: 2026 State Tax Competitiveness Index | Full Study. The Tax Foundation is a nonprofit, nonpartisan organization dedicated to advancing simplicity, transparency, neutrality and stability in local, state, and federal tax systems.

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For over 80 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is nonprofit, nonpartisan, and member-driven. Since our founding in 1943, NFIB has been exclusively dedicated to small and independent businesses, and remains so today. For more information, please visit nfib.com.